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The Economic Times

Top News / The Economic Times

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Volkswagen CEO aims to cut up to 100,000 jobs in next years: Report

Volkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closing four German plants. The company also aims to reduce investments by 15% over five years. These moves come as VW faces pressure from tariffs, Chinese competition, and the costly transition to electric vehicles. A company spokesperson declined to comment on confidential matters.

26 Jun 2026 1:59 pm