Categories: World

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…

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

* 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

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

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