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Sat. Jun 27th, 2026

Volkswagen CEO aims to cut 100,000 jobs in major overhaul: Reports

Volkswagen’s CEO Oliver Blume is reportedly planning a massive overhaul, potentially cutting up to 100,000 jobs and shutting down four German plants. The move comes as the company faces intense pressure from tariffs, Chinese competition, and the costly transition to electric vehicles. Unions have vowed to resist these proposed changes.
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