Home Business News Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

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Published: July 13, 2026 15:30:09 IST

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By Rachel More BERLIN, July 13 (Reuters) – Volkswagen may need to cut about 50,000 more jobs to match the competitiveness of rivals, its CEO told staff in an internal memo, effectively confirming for

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

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