Volkswagen to cut 1,00,000 jobs by 2030 in biggest auto industry restructuring
- Volkswagen and unions agree to cut 1,00,000 jobs by 2030, including 50,000 newly approved cuts.
- The cuts would affect about 15% of Volkswagen’s global workforce, making it the auto industry’s biggest restructuring.
- The carmaker faces pressure from US tariffs, weak EV demand and intense competition from Chinese rivals.
- The long-term future of four German plants remains uncertain, though no factory closures have been approved.
Source: ndtv.com
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