Volkswagen to cut another 50,000 jobs to counter tariffs and Chinese competition
France 24 · LC · trust 50/100
Volkswagen announced Thursday that it will cut another 50,000 jobs worldwide under its biggest restructuring in the company's 89-year history, as the German carmaker faces pressure from US tariffs, overcapacity and fierce competition from Chinese rivals. The plan also sets out the future of four German plants.
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