Financial Times: Manufacturers such as Mercedes-Benz and Volkswagen were “squeezing out managers like mad”, said Magnus Tessner, automotive partner at the executive search company IFP.
…One external headhunter said that they had been approached by VW to find new positions for 400 to 500 managers. “I told them we cannot do it . . . we do not have 400 executive roles that need filling,” the recruiter said…