Economy
World / Countries / MNCs
German automaker Volkswagen Group has announced plans to cut approximately 50,000 jobs and reduce its vehicle model portfolio by around half as part of its Future Plan 2030, a major turnaround strategy aimed at improving competitiveness amid intensifying global competition and changing market conditions. more
Trouble for Europe’s biggest carmaker: Volkswagen Group to slash 50,000 jobs
Volkswagen Group, Germany’s largest carmaker, plans to cut around 50,000 jobs in Germany by 2030 as the company grapples with a sharp decline in profits, media reports said.
