Volkswagen Plans Major Restructuring with Workforce Reductions and Plant Closures
German automaker Volkswagen is reportedly planning to cut approximately 100,000 jobs across its global workforce and shut down four German plants in response to increasing competition from Chinese car brands. The restructuring marks the most significant overhaul in the company's history and includes a reduction of planned investments by around 15% over five years.
Topics: Automotive industry Job cuts Plant closures Volkswagen