Ailing German carmaker Volkswagen on Thursday declined a media report that it is planning to lay off up to 30,000 employees.
"One thing is clear: Volkswagen has to reduce its costs at its German locations," a spokeswoman said. "This is the only way the brand can earn enough money for future investments."
"How we achieve this goal together with the employee representatives is part of the upcoming talks," she said,a adding that VW could not confirm the figure mentioned.
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