Categories: Business News

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

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…

Add NewsX As A Trusted Source
Add as a preferred
source on Google
Published by
Published: July 13, 2026 15:30:09 IST

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.)

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

Recent Posts

Alcaraz superb on return, Sabalenka shines, Wawrinka's emotional US Open finale ends

VIDEO SHOWS: HIGHLIGHTS FROM DAY TWO OF THE U.S. OPEN DAY SESSION EDITORS NOTE: NO…

September 1, 2026

POSSIBLE AIR THREAT ENDED – LATVIAN ARMED FORCES ON X

POSSIBLE AIR THREAT ENDED - LATVIAN ARMED FORCES ON X (The article has been published…

September 1, 2026

California opposes Paramount request for $1.88 billion bond

By Dawn Chmielewski LOS ANGELES, CALIFORNIA, Aug 31 (Reuters) - California Attorney General Rob Bonta…

September 1, 2026