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MYSTERIOUS: Oliver blume - You Need To See This

Volkswagen Will Shed Tens Of Thousands Of Jobs In a Large Restructuring Plan. It Will Spend Billions On It.

The company estimates that the cost of implementing the plan will amount to some €16 billion.

International Business Times

Jaguar Land Rover To Shed Thousands Of Jobs To Cut Spending As Challenges Mount

Jaguar Land Rover To Shed Thousands Of Jobs To Cut Spending As Challenges Mount

The company is planning to offer voluntary redundancies to as many as 4,000 people, according to a new report.

International Business Times

Volkswagen Will Shed Tens Of Thousands More Jobs. Its Stock Jumped.

Volkswagen Will Shed Tens Of Thousands More Jobs. Its Stock Jumped.

The company will now shed 100,000 jobs.

International Business Times

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Volkswagen shares rise as investors cheer board approval of sweeping cost reductions

Volkswagen shares rose 6% on Friday after the company’s board of directors approved sweeping cost cuts aimed at confronting challenges including ferocious Chinese competition and US tariffs

The Independent UK

Volkswagen to fire 12% of its India workforce amid major cost overhaul

Volkswagen India is accelerating a three-year restructuring plan to cut jobs. The company aims to reduce its workforce by about twelve percent by 2027. This move seeks to lower costs before the next investment cycle begins. The automaker is also considering a deal for a controlling stake by JSW Group.…

The Economic Times

Volkswagen approves plan to cut another 50,000 jobs

The German car giant had indicated in July that it would need to make cuts to improve its financial future.

Evening Standard

US jobs report smashes forecasts; shares in Falklands oil explorers plunge as Argentina threatens sanctions – as it happened

Rolling coverage of the latest economic and financial news, as US economy adds 162,000 new jobs in August

The Guardian - UK

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Volkswagen Will Cut 50,000 Jobs And Slash Half Its Models By 2035

Volkswagen Will Cut 50,000 Jobs And Slash Half Its Models By 2035

Future Plan 2030 slashes 50,000 additional jobs and half the lineup by 2035, reshaping Volkswagen Group plants and model choices for drivers.

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

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

The Guardian - UK

Volkswagen Rumored To Close Four German Plants, 140,000 Jobs At Risk

Volkswagen Rumored To Close Four German Plants, 140,000 Jobs At Risk

EVs like the Volkswagen ID.4, ID.7 and Audi Q4 E-Tron could shift to lower-cost plants abroad, reshaping availability and pricing.

50,000 Volkswagen jobs could be at risk — and thousands of angry workers are pushing back against the CEO's plan

50,000 Volkswagen jobs could be at risk — and thousands of angry workers are pushing back against the CEO's plan

Volkswagen employees express significant concerns over proposed job reductions and factory shutdowns as CEO Oliver Blume unveils restructuring strategies in response to intensified competition and dwindling demand. The company may cut up to fifty thousand positions while striving for cost efficiency. Labor representatives underscore the vital significance of German plants…

The Economic Times

Volkswagen Is Planning To Shed Tens Of Thousands Of Jobs. Its CEO Says Cost Cutting 'Is Not Over'

Volkswagen Is Planning To Shed Tens Of Thousands Of Jobs. Its CEO Says Cost Cutting 'Is Not Over'

"We not only measure ourselves against our own past performance. We measure ourselves ⁠against the best locations in Europe," Oliver Blume said.

International Business Times

VW workers boo boss as he urges them to ‘pull together’ amid job cuts

VW workers boo boss as he urges them to ‘pull together’ amid job cuts

Oliver Blume faces workforce at German HQ as carmaker struggles against Chinese competition and US tariffs

The Guardian - UK

Volkswagen workers condemn ‘disastrous’ communication over job cuts

Volkswagen workers condemn ‘disastrous’ communication over job cuts

Employees have criticised Volkswagen’s management as the German carmaker considers further job cuts and the future of several plants.

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'The Situation Is More Than Critical:' VW Boss Warns Staff

Volkswagen is undergoing massive restructuring to slash costs.

The Economic Times

Volkswagen chief warns company's situation 'more than critical'

Volkswagen's CEO warns of a critical state and major upheaval in the auto industry. The company faces significant challenges from global headwinds and Chinese competition. Volkswagen is considering substantial job cuts and potential plant closures in the coming days. Discussions are ongoing regarding alternative industrial uses for affected factory sites.…

The Guardian - UK

Chinese EV sales surge to new high in Europe putting tariffs under scrutiny

Imports this year now account for 14% of the market amid claims vehicles are being dumped in the EU and UK

International Business Times

Volkswagen's Biggest Shareholders Sound The Alarm Over Chinese Competition. They Seek a Dramatic Restructuring

Volkswagen has already confirmed it is evaluating plans to eliminate up to 100,000 jobs, double the number previously discussed, as part of an effort to restore competitiveness after a sharp earnings decline.

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Thousands Protest As Volkswagen Weighs Closing Historic Audi Factory

VW’s restructuring puts Audi assembly at Neckarsulm under a 2030 closure risk despite a job guarantee running to 2034.

International Business Times

Volkswagen's Model Is In Crisis. Its Porsche Unit Will Shed 20% Of Its Jobs Over The Next Decade

Volkswagen's Porsche is set to shed about 20% of its jobs over the next decade, the company announced.

VW Wants Higher Tariffs After Chinese PHEVs Overtake Its Best-Seller in Europe

The Volkswagen Tiguan plug-in hybrid once ruled the charts. Now, it’s not even on the podium, and VW wants the EU to do something about it.

International Business Times

Volkswagen Missed Its Profit Forecast, Deepening Its Crisis. CFO Says 4% Margin Is a 'Wake-Up Call'

Volkswagen reported an operating profit of 3.5 billion euros ($3.98 billion), a decline of nearly 10% from last year and well below analysts' expectations of 4.3 billion euros.

The Guardian - UK

Mass job cuts loom at VW as profits fall steeply on China sales slump

Carmaker expects to sell 3% fewer vehicles this year as it pushes through a programme that could eliminate 100,000 roles

The Economic Times

Volkswagen scraps revenue growth forecast as tariffs, China weigh

Volkswagen now expects sales revenue to decline by up to three percent this year. The company announced a radical overhaul to counter costly tariffs and competition. Second-quarter results showed a significant profit slump, prompting a restructuring plan. This plan includes a proposed reduction of approximately 100,000 jobs across the group.…

Consumer Tech (Jul 13-17): IBM Sees Worst Day On Record, Gemini 3.5 Pro Release Delayed, Uber Acquires Delivery Hero & More

President Donald Trump, hedge fund billionaire Bill Ackman and entrepreneur Anthony Pompliano criticized New York’s decision to temporarily halt approvals for new large-scale data centers.

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