How Volkswagen struck a deal over historic 1,00,000 job cuts?

Volkswagen struck the historic 1,00,000 job-cut deal through pressure, compromise and the threat of prolonged legal battles, Reuters reported. Management threatened to call an Extraordinary General Meeting to bypass Supervisory Board and push through job cuts. In return, CEO Oliver Blume agreed to postpone plans to separate the passenger car and component divisions into distinct legal entities.