Volkswagen to cut 50,000 more jobs as group targets 100,000 total by 2030

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Volkswagen's board has approved a plan to eliminate an additional 50,000 jobs across the group. The cuts are part of a broader restructuring strategy targeting a total reduction of 100,000 positions by 2030. The Volkswagen Group encompasses several major automotive brands, including Audi, Porsche, Skoda, and the core VW label. The sweeping workforce reduction reflects the group's efforts to streamline operations amid mounting pressures in the global automotive industry.

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