Volkswagen CEO threatens 50,000 more job cuts in memo to staff

SABC News | 13.07.2026 17:35
Volkswagen could ​cut around 50,000 additional jobs ‌based on calculations aimed at bringing the carmaker into line ​with the cost competitiveness ​of other companies, CEO Oliver Blume ⁠told staff in an ​internal memo seen by Reuters ​on Monday.