Article 785DN Volkswagen to cut further 50,000 jobs as it ends row with union over revival plan

Volkswagen to cut further 50,000 jobs as it ends row with union over revival plan

by
Patrick Daly, Lisa O’Carroll and Mark Sweney
from World news | The Guardian on (#785DN)

Under-pressure carmaker will shed 15% of workforce and halve its product line in sector's biggest ever restructure

The car company Volkswagen has approved controversial plans to shed 100,000 jobs in a battle for survival as it faces fierce competition from Chinese rivals.

After the latest round of talks this week, the company announced a further 50,000 job cuts and agreed a staggered end to current production at four German plants: Emden, Zwickau, Hanover and the Audi site in Neckarsulm between 2031 to 2034. There are no specific plans beyond that.

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