Volkswagen approves cutting 50,000 more jobs by 2030

Volkswagen's board has approved plans to eliminate an additional 50,000 jobs, bringing the company's total workforce reduction target to 100,000 positions by 2030. This major restructuring affects the entire Volkswagen Group, which encompasses multiple brands including Audi, Porsche, and Skoda. The cuts reflect the company's strategy to adapt to industry changes and improve competitiveness.