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Volkswagen Reportedly Considering Up to 100,000 Job Cuts, More Than 10% Of Its Staff, in Sweeping Restructuring

Volkswagen
International Business Times Fews App News Provider
Fews App Post Time 1d ago

The proposed measures include shutting production at Volkswagen's plants in Hanover, Zwickau, and Emden, as well as Audi's factory in Neckarsulm. Jens Schlueter/AFP via Getty Images Volkswagen is weighing one of the most dramatic restructurings in its nearly 90-year history, with plans that could eliminate up to 100,000 jobs worldwide and close four factories in Germany. According to a Reuters report citing people familiar with the matter, members of Volkswagen's supervisory board have been informed of the proposals ahead of a key meeting scheduled for July 9.

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