Home World UPDATE 3-Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

UPDATE 3-Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

UPDATE 3-Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

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Published: July 13, 2026 18:49:05 IST

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* Memo confirms reports up to 100,000 job cuts being considered * CEO says company has 20% cost disadvantage vs rivals * Labour representatives have rejected restructuring plan -sources (Adds

(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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