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

* 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.)