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@kahawatungu Tue, 10 Mar 2026 12:15:09

Volkswagen to cut 50,000 jobs as profits drop

Volkswagen has said it will cut 50,000 jobs in Germany by 2030 as its profits dropped to their lowest level since 2016. Chief executive Oliver Blume told shareholders that the cuts would take place in Germany and fall across the entire group, including Audi and Porsche. Europes largest carmaker said post-tax profits had fallen by [...] The post Volkswagen to cut 50,000 jobs as profits drop appeared first on Kahawatungu.

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