Volkswagen CEO to face employees amid fears of up to 140,000 job cuts

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Volkswagen CEO Oliver Blume is set to meet employees directly to address growing concerns over the company's sweeping restructuring plans. Reports indicate that as many as 140,000 jobs could be at risk as part of the proposed overhaul. The company is also considering closing up to four of its German manufacturing plants after 2030. The restructuring is driven by intensifying competition from Chinese electric vehicle manufacturers threatening Volkswagen's market position. The automaker says the changes are necessary to improve overall performance and remain globally competitive.

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