Volkswagen: 50,000 jobs cut
Volkswagen has approved a plan to cut 50,000 jobs as part of a broader strategy to adjust its workforce in response to declining profits and increased competition. This decision brings the total job cuts to 100,000 by 2030. The company cites the need for a fundamental adjustment to maintain competitiveness amid technological changes.
Conservative
0
Core Estimate
37,500
Upper Bound
50,000
Sources
Volkswagen board approves plan to cut 100,000 jobs
Volkswagen board approves plan to cut 100,000 jobs Skip to content Site search News Business Technology Culture Arts Travel Earth Audio Video Live Documentaries # Volkswagen board approves plan to cut 100,000 jobs 32 minutes ago Share Save Add as preferred on Google Osmond ChiaBusiness reporter Getty Images The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of a sweeping turnaround programme. It brings the total number of roles th