Volkswagen considers major restructure including potential job cuts and plant closures
Euronews reports that Volkswagen is preparing a significant overhaul that may involve the reduction of 100,000 jobs worldwide and the closure of four German manufacturing facilities.
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According to Euronews, Volkswagen is reportedly planning the most radical restructuring in its history. The proposed measures involve the elimination of up to 100,000 jobs across its global operations, a figure twice as high as previously anticipated by analysts.
In addition to the workforce reductions, the plans include the potential closure of four manufacturing plants located in Germany. Further details regarding the timeline or the specific impact on regional operations have not been confirmed as the company reportedly moves to overhaul its business model.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews