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The Economic Times

Economy / The Economic Times

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Volkswagen CEO threatens 50,000 more job cuts in memo to staff

Volkswagen's CEO indicated potential for 50,000 more job cuts. This move aims to match competitor cost structures. The company already agreed to 50,000 reductions across its group. A 20% cost disadvantage necessitates further efficiency measures. Adjustments are being assessed across all brands and regions.

13 Jul 2026 2:36 pm