An internal memo from Volkswagen CEO Oliver Blume suggests that the company may need to implement approximately 50,000 additional job cuts in order to achieve cost competitiveness on a par with its industry peers. The memo highlights that Volkswagen currently faces a 20% cost disadvantage when compared to similar companies, underscoring the necessity for further cost reductions. It mentions, "theoretically," that up to 50,000 positions might need to be eliminated globally. Previously, Volkswagen has already announced a series of cost-cutting initiatives, including simplifying its vehicle model lineup, optimizing production capacity, and integrating technology platforms. On July 9, Volkswagen presented a plan to its supervisory board, outlining 12 action plans and development goals for 2030. This plan focuses on boosting competitiveness through structural transformation, proposing a 50% reduction in vehicle models, a decrease in production capacity to 9 million units, and the potential for 100,000 to 120,000 job cuts in total.