Business
Volkswagen considers around 50,000 additional job cuts
Volkswagen is considering around 50,000 additional job cuts across roughly 170 companies, split about evenly between Germany and other countries. CEO Oliver Blume presented the theoretical requirement on Tuesday. The group intends to rely as much as possible on voluntary departures and restrictive hiring, with specific measures still to be negotiated with employee representatives. Unions are demanding guarantees on investment, future models and workloads at German plants. Four sites—Emden, Hanover, Zwickau and Neckarsulm—still lack a viable or competitive production assignment for the 2030s.