CEO Oliver Blume said the reductions are part of a broad cost-cutting drive at Europe’s largest automaker, signaling a deeper restructuring push.
Volkswagen plans to cut up to 50,000 jobs globally as it advances a sweeping cost-reduction overhaul. CEO Oliver Blume announced the move, framing it as part of a broader restructuring effort at Europe’s largest automaker. The planned cuts point to a significant efficiency drive as large industrial groups face pressure to lower costs and protect margins.