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Volkswagen Approves Future Plan 2030 With 50,000 Job Cuts

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Volkswagen Approves Future Plan 2030 With 50,000 Job Cuts

Volkswagen’s supervisory board signed off on a plan that cuts 50,000 more jobs across the group. The reductions double a workforce program already running at Europe’s largest carmaker. The German automaker announced the decision on Thursday. It also plans to shrink its model range by roughly 50% by 2035 and lift profitability. Volkswagen Sets 2030 The post Volkswagen Approves Future Plan 2030 With 50,000 Job Cuts appeared first on BeInCrypto.

Key Takeaways

  1. Volkswagen’s supervisory board signed off on a plan that cuts 50,000 more jobs across the group.
  2. The reductions double a workforce program already running at Europe’s largest carmaker.
  3. The German automaker announced the decision on Thursday.
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Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.