Volkswagen to Cut 50,000 Jobs Amid Profit Slump | 2026 Update
Berlin – Volkswagen AG announced plans to cut approximately 50,000 jobs in Germany by 2030, following a sharp decline in profits and as the automaker navigates a challenging transition towards electric vehicle production. The announcement, made in the company’s annual report on March 11, 2026, signals a significant restructuring effort for Europe’s largest carmaker. The … Read more