Volkswagen to cut 50,000 more jobs to counter tariffs and Chinese competition
- Volkswagen announced Thursday that it will cut another 50,000 jobs worldwide, marking the biggest restructuring in the company's 89-year history, as the German carmaker faces pressure from US tariffs, overcapacity and fierce competition from Chinese rivals.
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- Volkswagen announced Thursday that it will cut another 50,000 jobs worldwide, marking the biggest restructuring in the company's 89-year history, as the German carmaker faces pressure from US tariffs, overcapacity and fierce competition from Chinese rivals.
Sources: France 24