News update as of February 22, 2019

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22 February 2019 à 14h13

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5 minutes

Publication: 22 February 2019 à 14h13

Reading time: 5 minutes

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On the menu:Audi plans job cuts at management level, reference period for calculating working hours extended in South Korea, law on equal pay for men and women comes into force in Portugal, bill for ‘Responsible Multinational Businesses’ viewed as becoming too lenient on companies in Switzerland. 
Publication

22 February 2019 à 14h13

Reading time

5 minutes

Publication: 22 February 2019 à 14h13

Reading time: 5 minutes

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Germany/ Audi plans job cuts at management level. Bram Scot, chief of automobile constructor Audi, is faced with the following dilemma: the investment required to make the company’s range of vehicles electric is rising, while the profitability of the firm is being squeezed. It therefore did not come as much of a surprise when on Wednesday 20 February, in the German daily newspaper Handelsblatt, the Dutchman announced an upcoming savings plan, which aims to save €15 billion between now and 2022.

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