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Volkswagen to Cut 100,000 Jobs by 2030 in Major Workforce Overhaul

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German automaker Volkswagen announced on Thursday that it will eliminate a total of 100,000 jobs by the end of the decade. The company reached an agreement between management and unions to cut an additional 50,000 positions, doubling the previously planned reductions. The deal marks a significant restructuring effort by one of the world's largest car manufacturers. The sweeping workforce cuts reflect the mounting pressures facing the traditional auto industry amid shifting market demands.

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