Volkswagen CEO Oliver Blume Warns of Potential Total Job Cuts of Up to 100,000
Volkswagen CEO Oliver Blume has warned in an internal memo that the company may need to cut up to 100,000 jobs globally due to a significant cost gap compared to competitors. The potential cuts would build on existing plans for around 50,000 job reductions by 2030 and include evaluating four German factories for possible closure.
Topics: CEO statement job cuts restructuring Volkswagen