Volkswagen: 100,000 jobs cut
Volkswagen has announced plans to cut up to 100,000 jobs globally as part of a strategy to improve competitiveness amid rising costs and intense competition. CEO Oliver Blume highlighted a significant cost disadvantage compared to rivals as a key factor driving these layoffs. The announcement was made in an internal memo, revealing the company's struggles in the current market environment.
Conservative
0
Core Estimate
15,000
Upper Bound
35,000
Sources
Europe's biggest car maker Volkswagen tells employees in internal memo it may cut up to 100,000 jobs; CEO Oliver Blume says: We still cannot... - The Times of India
Europe's biggest car maker Volkswagen tells employees in internal memo it may cut up to 100,000 jobs; CEO Oliver Blume says: We still cannot... - The Times of India Edition IN English Weather Sign In - News - Technology News - Tech News - Europe's biggest car maker Volkswagen tells employees in internal memo it may cut up to 100,000 jobs; CEO Oliver Blume says: We still cannot... # Europe's biggest car maker Volkswagen tells employees in internal memo it may cut up to 100,000 jobs; CEO Ol