Volkswagen is planning to cut up to 100,000 jobs and end production at four plants in Germany in a significant acceleration of its cost-cutting plans as Europe’s largest carmaker seeks to survive the rapid advance of Chinese rivals.
The Wolfsburg-based company had already laid out plans to cut 50,000 jobs in Germany by the end of 2030 and has said it wants to reduce its car manufacturing capacity in the country by 500,000 units.
The latest plan, first reported by German outlet Manager Magazin, could lead the headcount to be slashed by another 50,000, according to one person familiar with the plan.
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