How China Cost Volkswagen 100,000 Jobs
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5 Articles
Volkswagen looses the ballast by officially announcing the removal of 100,000 jobs. In order to stay afloat in the storm of the automotive industry, the brand also plans to reduce its range by half.
With cuts of 100,000 jobs and risk in German factories, Volkswagen restructuring will have decisive tests by 2030
German automotive giant Volkswagen has launched its largest restructuring in its 89-year history, planning to cut approximately 50,000 jobs by 2030, bringing the total number of layoffs to 100,000, or about 15% of its global workforce. The company also expects to reduce its model lineup by half by 2035.
The crisis plan also includes a radical cut in the offer. The concern will reduce the number of car models produced by half. Interestingly, there was originally a consideration of converting one of the factories into an arms factory, but this idea was ultimately stopped by Qatari investors who have a stake in the company. You can read more in our regular column - a week in the world economy.
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