Volkswagen reportedly planning to axe 100k jobs
Volkswagen is reportedly planning to cut around 100,000 jobs in the coming years as part of a major cost-cutting initiative aimed at boosting profitability and transitioning to electric vehicles. The cuts would represent a significant portion of the automaker's global workforce.
Background
- Volkswagen is the world's second-largest automaker, based in Wolfsburg, Germany, with roughly 680,000 employees globally.