BBC News·3 min read·medium
Volkswagen planning to cut up to 100,000 jobs globally
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✦AI Summary
Volkswagen is planning to cut up to 100,000 jobs globally as it struggles with declining profits and increased competition from Chinese manufacturers. The company is facing high operational costs and a significant drop in sales across key markets including China and the US.
Image source, Getty Images By Theo Leggett International Business Correspondent Published 11 minutes ago The chief executive of the German car giant Volkswagen Group has confirmed it is looking to cut up to 100,000 jobs – twice as many as previously stated.
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