
Volkswagen Plans Major Restructuring, Job Cuts, and Faces Protests
Volkswagen is embarking on a significant restructuring plan to reduce costs and streamline its operations, which includes cutting up to 50% of its model range, potentially impacting a large number of jobs, and closing several factories. The decision has already sparked widespread employee protests across Germany and beyond.
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Why Volkswagen's huge workforce became a costly burden
The struggling German carmaker plans to cut up to 100,000 jobs from its 630,000-strong workforce. How did VW's headcount get so bloated, and will the cuts be enough to survive the Chinese EV onslaught?
Read full article →Tackling historic crisis, Volkswagen to cut capacity, model lineup
Volkswagen plans to drastically cut its model lineup and further pare back capacity, as Europe's largest automaker considers a far-reaching overhaul that sources say could co...
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