Volkswagen plans up to 100,000 job cuts: ‘Never has the risk situation been so high’

Volkswagen is considering a historic overhaul that could involve cutting up to 100,000 jobs and shutting four German factories. This plan would accelerate the existing target of reducing 50,000 positions in Germany by 2030. Additionally, the carmaker aims to decrease domestic manufacturing capacity by 500,000 vehicles. These measures come as the company faces an unprecedented risk situation, marking what could be the most significant restructuring in the history of the automotive brand.