StartupsAutocarabout 20 hours ago
VW Group faces 100,000 job cuts
5 min read
Volkswagen Group boss Oliver Blume told staff the company needs to cut up to 100,000 jobs, roughly one in seven of its global workforce. The figure is 50,000 more than previously communicated. The cuts aim to reduce costs and compete with Chinese rivals while managing demands from Germany's heavily unionised workforce.
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