The Volkswagen Group has revealed a 'transformation program' that includes layoffs, potential factory closures and brand shutdowns.

Facing growing competition from China and rapidly advancing technology, the German auto giant said Thursday its board had approved a “comprehensive” restructuring.

Volkswagen will cut another 50,000 jobs in a historic overhaul as analysts say the move could reshape Germany's auto industry.

Volkswagen’s supervisory board backed a sweeping overhaul that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving chief executive officer Oliver Blume ...

The company said it had approved a plan involving the reduction of around 50,000 jobs. German car giant Volkswagen said Thursday that management and unions had agreed to cut a total of 100,000 jobs by ...

Volkswagen is moving into a far more severe phase of restructuring. Europe’s largest automaker has cut its 2026 operating-return-on-sales outlook to no more than 1%, down from an earlier range of 4% ...

Volkswagen said Thursday it would cut another 50,000 jobs as it restructures due to competition from China, high energy prices, and a costly transition to electric vehicles. File Photo by Focke ...

German carmaker Volkswagen is set to cut another 50,000 jobs by 2030 as part of its biggest restructuring in almost 90 years, taking the total number of positions it plans to eliminate by the end of ...

Sept 3 (Reuters) - Volkswagen's supervisory board on Thursday unanimously approved a comprehensive transformation plan that could include cutting the group's workforce by around 50,000 jobs, including ...

Volkswagen’s shares have surged after the German giant confirmed plans to cut 50,000 jobs as it battles competition from China.

Volkswagen’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving chief executive Oliver Blume his ...

Volkswagen Group announced late Thursday that it plans to eliminate 50,000 jobs and cut half of its vehicle offerings. The German automaker is struggling with headwinds from increasing Chinese ...