# VW Approves Plan for 50K More Layoffs as US Retail Diesel Hits Record

https://mins.news/en/video/45320

- Bloomberg Television, 2026-09-04 11:37 UTC
- Economy
- Original: https://www.youtube.com/watch?v=z-1cpar9biA

> Volkswagen’s supervisory board approved a sweeping restructuring plan involving 50,000 more job cuts, fewer models and a smaller industrial footprint. The decision gives CEO Oliver Blume his clearest mandate yet to overhaul Europe’s biggest automaker, while US retail diesel reached a record nationwide average of $5.85 a gallon, threatening to add to energy-driven inflation.

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