2026-03-11 14:07:29

Volkswagen officially announces layoffs of 50,000 people, with profits dropping to the lowest level in ten years.

Europe's largest automaker announced today that to avoid a total financial collapse, it will cut approximately 17% of its German workforce by 2030.
Due to hits from all sides, the company's profits plummeted by 44% last year.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes