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The Economic Times

Economy / The Economic Times

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Volkswagen to fire 12% of its India workforce amid major cost overhaul

Volkswagen India is accelerating a three-year restructuring plan to cut jobs. The company aims to reduce its workforce by about twelve percent by 2027. This move seeks to lower costs before the next investment cycle begins. The automaker is also considering a deal for a controlling stake by JSW Group. These actions reflect global pressures on Volkswagen amid slowing demand.

4 Sep 2026 2:51 pm