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EconomyVolkswagen board approves turnaround plan with 50,000 more job cuts

Volkswagen’s supervisory board approved a transformation plan on Thursday that includes cutting another 50,000 jobs as the group seeks to counter painful tariffs, excess capacity and aggressive Chinese rivals.

Volkswagenjob cutsautomotive industryturnaround plan

RReuters★★★★☆2026-09-03 23:25Original

Volkswagen board approves turnaround plan with 50,000 more job cuts
Volkswagen board approves turnaround plan with 50,000 more job cutsEconomy