Volkswagen May Cut Up to 100,000 Jobs Worldwide
Volkswagen is reportedly planning to cut up to 100,000 jobs globally as part of a major restructuring, according to Manager Magazin.
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According to a report from Manager Magazin, Volkswagen is considering reducing its global workforce by up to 100,000 positions over the coming years. The potential cuts would represent a significant restructuring effort for the German automaker, which faces pressures from the transition to electric vehicles and increased competition.
The report did not specify timelines or which divisions would be most affected. Volkswagen has not officially commented on the report. The company employs around 670,000 people worldwide.
Source: First Squawk