Volkswagen plans to cut 50,000 jobs by 2030

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• Investing.com Stocks

  Volkswagen plans to cut 50,000 jobs by 2030
• The New York Times left

  Breaking News: Volkswagen said it is cutting about 50,000 jobs in the face of surging Chinese competition, energy prices and the costly transition to electric vehicles.
• Yahoo Finance

  Volkswagen is cutting 50,000 jobs — one of the largest workforce reductions in the company's history, according to the New York Times. Union leaders, who had resisted the scale of the cuts, agreed to the plan Thursday.
• Business Insider left

  Volkswagen, the world's second-largest automaker, is trying to get more nimble. It's planning huge job cuts as Chinese automakers step up competition. https://bit.ly/3Ux7hfL
• The Guardian left

  Under-pressure carmaker will shed 15% of workforce and halve its product line in sector’s biggest ever restructure The car company Volkswagen has confirmed that it will shed 100,000 jobs by the end of the decade after being hit by US tariffs and fierce competition from Chinese rivals. The German manufacturer said management and unions had agreed as part of a sweeping cost-cutting plan to cut a further 50,000 positions by 2030, bringing total job losses in the pipeline to 100,000. Continue readin
• Reuters

  Volkswagen targets 9% operating margin by 2030 reut.rs/46GEO9Y