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Volkswagen Plans to Cut Up to 100,000 Jobs Amid Profit Slump

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Volkswagen Group is planning to eliminate up to 100,000 jobs across its global workforce. The German automotive giant, which owns brands including Porsche and Audi, has been grappling with a significant decline in profits. The company is also facing intensifying competition from Chinese automakers in key markets. The sweeping job cuts reflect the broader challenges confronting established European carmakers in the current automotive landscape.

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