Germany

Volkswagen to Cut 50,000 More Jobs in Major Restructure
Germany, Business

Volkswagen to Cut 50,000 More Jobs in Major Restructure

Under-pressure carmaker will shed 15% of workforce and halve its product line in sector’s biggest ever restructureThe car company Volkswagen has approved controversial plans to shed 100,000 jobs in a battle for survival as it faces fierce competition from Chinese rivals.After the latest round of talks this week, the company announced a further 50,000 job

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