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VW Board Approves 50,000 More Job Cuts, Doubling Its 2024 Total AI & Jobs

VW Board Approves 50,000 More Job Cuts, Doubling Its 2024 Total

Volkswagen's supervisory board approved 50,000 additional job cuts on September 3, doubling the total workforce reduction across the group since a 2024 deal with IG Metall. The trigger: falling China sales, high German costs, and BYD's expansion into Europe.

#volkswagen#layoffs#manufacturing