Volkswagen plans to cut 100,000 jobs worldwide.
Volkswagen plans to cut many jobs. The company says this is to save money. They are changing to electric cars.
Volkswagen announced it will cut around 50,000 jobs. Other reports say the company could eliminate up to 100,000 positions worldwide. The company is trying to reduce costs. They are also considering closing four plants in Germany. This change is because of problems with car sales and the move to electric vehicles.
Summarized from the sources above. Read the originals for the full story.
Highlights
VW Plans Major Job Cuts
Volkswagen will cut approximately 50,000 jobs as part of a restructuring.
Up to 100,000 Jobs Planned
Volkswagen plans to cut up to 100,000 jobs worldwide.
Germany Plants to Close
Volkswagen is considering closing four plants in Germany.
Supervisory Board Discussion
The supervisory board will discuss the plan on July 9th.
Industry Facing Challenges
The move reflects concerns about the German auto industry's future.
Perspectives
- Volkswagen plans to cut jobs.
- The cuts are part of a restructuring.
- The reasons include economic challenges and efficiency.
- The company is adapting to electric vehicles.
Volkswagen plans to cut up to 100,000 jobs.
El País, New
Volkswagen will cut approximately 50,000 jobs.
ZEIT Online, tagesschau