Keep up to date with every new upload!

Join free & follow Business Matters
Share
Car Maker VW to cut Thousands of Jobs

Car Maker VW to cut Thousands of Jobs

The German car maker Volkswagen says it will cut thirty thousand jobs around the world, following last year's emissions-cheating scandal. VW says the plan will save nearly four-billion dollars a year by 2020. VW's chief executive, Matthias Mueller, described the move as the biggest modernisation programme in the company's history and would prepare it for the future:

Buckingham Palace is to undergo a 369-million-pound renovation over the next ten years. Lead pipes, boilers and wiring will be replaced to prevent potential fire and water damage. The Queen will stay in the palace during the work, which will begin in April. The BBC's Sarah Campbell reports.

Susannah Streeter speaks to Canada's finance minister Bill Morneau about NAFTA, and how the Trump Presidency is already having an effect on it.

Susannah is joined by ABC Journalist Elizabeth Jackson from Sydney for comment throughout the programme.

PICTURE CREDIT: Justin Sullivan/Getty Images

Comments