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http://www.businessinsider.com/volkswagen-cuts-jobs-globally-germany-restructuring-programme-closely-after-emissions-scandal-settlement-2016-11

Official response from Richard Wolff submitted

Basically, VW is in deep difficulty because it gambled on a deceptive program, made a fortune, relaxed into the normalization of the deception and then got caught, dealing a major blow to its global reputation and to Germany's global reputation. It is now taking all sorts of steps to try and cope with all that. Needless to say, as a capitalist corporation, it seeks to push off its costs of adjustment to its deception onto governments, workers, and public. These cutbacks are part of thatr.

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Thomas Miller tagged this with good 2016-11-20 18:45:58 -0500
Richard Wolff responded with submitted 2016-11-20 17:10:06 -0500
Thomas Miller published this page in Ask Prof. Wolff 2016-11-18 12:31:29 -0500

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