Euronews reports that Volkswagen Chief Executive Oliver Blume is evaluating a cost-cutting programme that could lead to the elimination of 100,000 jobs worldwide. This figure represents approximately 16 per cent of the manufacturer's global workforce. The proposed measures also include the closure of three Volkswagen plants located in Germany, in addition to the shutdown of one Audi factory.
The announcement has drawn sharp criticism from labour representatives, with unions warning that the strategy risks triggering a major conflict with staff. These potential restructurings mark a significant development in the company's efforts to reduce expenditure, as reported by the source.
Source: Euronews. Read the original report ↗