Volkswagen plans to cut 50,000 jobs amid extensive restructuring efforts
Volkswagen CEO Oliver Blume confirmed plans to cut 50,000 jobs, despite the supervisory board rejecting proposals to close four German factories. Blume stated that the restructuring is the most extensive in the company's history and is necessary to remain competitive amid rising overhead costs. The planned cuts follow the previous reduction of 37,000 jobs through voluntary schemes.
How does this story land?
Summary by OZbrief Editorial · The Guardian Australia · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 13 Jul 2026, 13:42 UTC · Updated 13 Jul 2026, 14:00 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
Trending
- BYD refunds 1,265 customers after selling incorrect 2025 car models
- Telstra network outage prompts Senate hearing after avoidable server failure
- AFLW star Zarlie Goldsworthy goes viral with TikTok reaction video
- Jeremy Cameron hospitalized with suspected broken collarbone after Geelong's loss
- Transport officials stumble on north shore road changes ‘on developer’s website’
- Melbourne cafe catches fire three days after alleged drive-by shooting