Volkswagen confirms 100,000 job cuts by 2030 in sweeping restructuring
Volkswagen has announced plans to cut 100,000 jobs by the end of the decade as part of a major restructuring of its business. The German carmaker said the move comes amid pressure from US tariffs and intense competition from Chinese rivals. It also said the number of models it produces will be reduced by half, while up to four plants in Germany could face closure.The company said management and unions had agreed to the plan, which includes a further reduction of about 50,000 jobs by 2030 on top of 50,000 already agreed. Volkswagen said the supervisory board had unanimously approved... [Continue Reading]
360LiveNews | 03 Sep 2026 23:29 LONDON
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