Volkswagen to Shed 30,000 Jobs to Cut Costs After Scandal

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The German company said the job cuts are part of a long-term plan to improve profitability and shift resources and investment to electric-powered vehicles and digital services.
0:23 | 11/18/16

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Transcript for Volkswagen to Shed 30,000 Jobs to Cut Costs After Scandal
Breaking business news now Volkswagen workers are paying the price for the company's emissions cheating scandal. The auto giant has just announced that its cutting 30000. Jobs as it struggles to recover from that scandal. Most of those jobs are in Germany in W has already agreed to a settlement for the half million Americans who own diesels equipped with software that cheated on emissions to.

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