Volkswagen Plans 50,000 More Job Cuts as Automaker Launches Biggest Restructuring in Its History
Volkswagen plans to eliminate roughly 50,000 additional jobs worldwide as part of an aggressive restructuring designed to reduce costs, simplify its sprawling vehicle portfolio and restore profitability amid intensifying competition from Chinese automakers. The German automaker’s supervisory board approved its “Future Plan 2030” on Thursday, a 12-part programme that Volkswagen described as the most extensive […]
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