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News
Volkswagen to cut up to 50,000 jobs amid growing Chinese competition
1+ week, 1+ day ago (427+ words) Volkswagen has been under unprecedented pressure to restructure the business model that underpinned its success for decades Volkswagen Group is preparing to trim its vehicle range substantially while removing 50,000 roles under newly introduced corporate restructuring plans. The company's Supervisory Board…...
Volkswagen approves plan to cut another 50,000 jobs
1+ week, 2+ day ago (298+ words) Volkswagen bosses have said they will cut around 50,000 jobs as part of a sweeping cost-cutting plan. The German car giant said the move, which comes on top of previously announced cuts, will bring job losses to around 100,000 by 2030. The group’s…...