Volkswagen board approves plan to cut another 50,000 jobs
The group - which includes Audi, Porsche, Skoda as well as the VW brand - plans to cut a total of 100,000 by 2030.
5 articles from BBC Business, Euronews, Times of India, France 24 and 1 more.
The group - which includes Audi, Porsche, Skoda as well as the VW brand - plans to cut a total of 100,000 by 2030.
German car giant Volkswagen said that management and unions had agreed to cut a further 50,000 jobs by the end of the decade, bringing total job losses to 100,000.
Volkswagen announces its plan to cut an additional fifty thousand jobs by 2030 as part of a major restructuring effort aimed at enhancing the company's competitiveness and profitability. With declining sales and tougher competition from the electric vehicle market, Volkswagen is…
Volkswagen announced Thursday that it will cut another 50,000 jobs worldwide under its biggest restructuring in the company's 89-year history, as the German carmaker faces pressure from US tariffs, overcapacity and fierce competition from Chinese rivals. The plan also sets out…
The Volkswagen Group has revealed a 'transformation program' that includes layoffs, potential factory closures and brand shutdowns.