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Volkswagen approves additional 50,000 job cuts in largest restructuring

Verifying
  • Volkswagen Group approved CEO Oliver Blume's plan for 50,000 additional job cuts.
  • 50,000 positions equal 8% of the workforce, bringing planned reductions to 100,000 since 2024.
  • Volkswagen deferred decisions on four German plants until the end of June 2027.
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