-->Volkswagen to cut up to 20,000 workers at VW brand
10.02.06 13:35

FRANKFURT, Feb 10 (Reuters) - Volkswagen <VOWG.DE> expects
to cut up to 20,000 employees in the next three years at its
core VW brand in a sweeping restructuring programme that could
also see production capacity cut, the company said on Friday.
Shares rose more than 4 percent following the news and on
the back of better than expected 2005 earnings and a upbeat
forecast from Europe's biggest carmaker for 2006.
((Reporting by Christiaan Hetzner; E-mail:
christiaan.hetzner@reuters.com; +49 69 7565 1249))