WolfsburgVolkswagen will cut 50,000 more jobs worldwide.
It follows a 2024 deal that already cuts 35,000 jobs in Germany by 2030.
Volkswagen says its European plants have 500,000 more vehicles of capacity than demand requires, citing Chinese competition.
Four German plants face uncertain futures from 2031 through 2034, Volkswagen said.
How each outlet framed it
drawn from 250+ reports worldwide
- Business Insider
- maps VW's reset: halve model portfolio by 2035, reduce complexity 75%, target 9M vehicles annually and 9% margin
Sources: Business Insider