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AFP.com

AFP.com

Volkswagen boss hails cost-cutting deal but shares fall

AFP.com
Summary
Nutrition label

73% Informative

CEO Oliver Blume welcomed deal to slash jobs and reduce production capacity in Germany without the need to close factories.

Europe 's biggest carmaker announced Friday an agreement that will see 35,000 jobs cut in Germany by 2030 .

But investors did not seem impressed with the deal, sending Volkswagen 's shares down more than three percent in afternoon trade.

VR Score

81

Informative language

84

Neutral language

63

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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