Volkswagen jumps on 50,000-job restructuring plan

Bloomberg · 3 hours ago
Volkswagen jumps on 50,000-job restructuring plan
  • European stocks were little changed as investors awaited US jobs data for signals on the Federal Reserve’s rate path this month.
  • Volkswagen led European auto stocks after its supervisory board approved a sweeping restructuring plan with 50,000 additional job cuts.
  • Travel and leisure and technology gained among European sectors, while chemicals lagged.