Volkswagen to cut 50,000 jobs by 2030 in sweeping restructuring drive
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·1 viewsGerman automaker Volkswagen has announced plans to eliminate 50,000 jobs by 2030 as part of its largest restructuring effort in nearly a century. The move is aimed at improving the company's competitiveness and overall profitability amid mounting financial pressures. Volkswagen is also evaluating alternative uses for four of its manufacturing facilities in Germany. The restructuring comes as the company faces weakening sales and intensifying competition in the rapidly growing electric vehicle market.
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