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Volkswagen Steps Up Business Restructuring, Plans to Shed Tens of Thousands of Jobs
8 hour ago /
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Author：小编
On June 18 (local time), Volkswagen Group of Germany declared that, in response to the ramifications of geopolitical tensions and escalating competition within the industry, it would expedite its business restructuring efforts. By the close of this year, Volkswagen intends to reduce its workforce by 19,000 positions in Germany, with a projected cumulative job reduction of approximately 50,000 by the year 2030. The restructuring initiatives encompass cost reduction, operational layout optimization, structural simplification, and an accelerated focus on R&D, all aimed at bolstering the company's long-term competitiveness.
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