World
Volkswagen board approves cutting 50,000 jobs and ending production at 4 plants
The plan aims to eliminate excess production capacity of 500,000 vehicles across Europe and reduce the model portfolio by approximately 50%.
Topic
job cuts
Business
Volkswagen to cut 50,000 jobs in historic restructuring by 2030
The 'Future Plan 2030' targets a 9% operating margin by reducing offering complexity and potentially withdrawing the Seat brand by 2029.