Volkswagen reportedly considering 100,000 job cuts globally
Volkswagen (VW) is reportedly considering cutting 100,000 jobs globally, double previous estimates, with four German plants also at risk of closure, according to a report cited by Le Monde.
German automotive giant Volkswagen (VW) is reportedly considering a global workforce reduction of 100,000 jobs, according to a report by Manager Magazin, cited by Le Monde. This figure represents double the number of cuts previously indicated. The potential restructuring could also lead to the closure of four of the group's factories within Germany in the medium term. The report suggests the company is facing a more significant crisis than initially perceived, prompting these substantial potential measures to address its future challenges. These proposed cuts would impact a significant portion of VW's global operations.
Sources: Le Monde — International