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Volkswagen's CEO is warning of 50,000 more job cuts, bringing the total to 100,000

Quartz 13 July 2026 7h ago
Volkswagen's CEO is warning of 50,000 more job cuts, bringing the total to 100,000
58
Relevance
9/25
Freshness
25/25
Authority
18/20
Brand Signal
4/15
Depth
2/15
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Oliver Blume cited a 20% cost disadvantage versus rivals as labor representatives blocked a restructuring plan at the supervisory board
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