Volkswagen's Board Endorses Major Downsizing: 100,000 Job Cuts and Half Its Models to Go
Volkswagen's supervisory board has unanimously approved a restructuring plan that will eliminate 100,000 jobs and halve the company's model lineup by 2030. The plan, initially proposed by CEO Oliver Blume, includes the potential closure of four German factories. The company says the move is necessary to adapt to the industry's fastest and most fundamental shift.
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Original headline: “Volkswagen Superviosory Board Approves Plan To Slash Models & Reduce Workforce By 100,000.” Browse more stories.