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Volkswagen approves restructuring plan with 100,000 job cuts

Volkswagen's supervisory board approves a historic job-cutting plan.

Published 3h9 sourcesConfirmedMajorupdated 2h
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The fact

An additional 50,000 jobs will be cut in Germany by 2030, on top of the 50,000 already planned.

The Seat brand may disappear after 2029, according to the group's projections.

9 sources — click a link to read an article on the topic:

Why it matters

Ce plan affecte directement 15 % des effectifs mondiaux du groupe, avec des conséquences majeures pour les sites de production en Allemagne et en Espagne, notamment pour la marque Seat dont la survie est remise en question.

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