Volkswagen employees to ‘grill’ CEO after memo informing of 100,000 layoffs

Volkswagen CEO Oliver Blume will meet employees to discuss restructuring plans. Reports suggest up to 140,000 jobs could be at risk. Four German manufacturing plants may also face closure after 2030. This overhaul aims to address competition from Chinese electric vehicle makers. The company seeks to improve performance and maintain market competitiveness.

By TOI TECH DESK