Volkswagen’s supervisory board has unanimously approved a restructuring plan that involves slashing approximately 50,000 jobs. The decision marks a significant step in the German car giant’s ongoing efforts to reduce costs and adapt to changing market conditions.
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Five thousand jobs is massive. How will this affect German manufacturing standards?
Honestly, maybe needed. Their software struggles have been costly for too long.
Are these mostly factory roles or corporate? I hope the engineering teams stay intact.
Huge shock. This signals how tough the EV transition is becoming for legacy manufacturers.