Volkswagen plans 50,000 more job cuts, taking the total to 100,000

Volkswagen’s supervisory board unanimously approved cutting a further 50,000 jobs, bringing planned reductions to 100,000, and left four German plants without secured production from 2031 to 2034. Half that board represents the workforce and Lower Saxony holds 20% of the voting rights under the 1960 Volkswagen Law. Volkswagen will cut another 50,000 jobs.