Volkswagen flags 50,000 job cuts across group as board approves turnaround plan
Daily Maverick | 04.09.2026 11:49
BERLIN/FRANKFURT/MEXICO CITY, Sept 3 (Reuters) - Volkswagen's supervisory board on Thursday approved a transformation plan that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity and aggressive Chinese rivals.
