Business
Volkswagen confirms 50,000 job cuts but dodges plant closure decisions
The supervisory board unanimously approved Future Plan 2030, yet the hardest choices about four German factories have been deferred, leaving workers in suspense.
Person
Oliver Blume
Chief executive of Volkswagen Group, Volkswagen Group
Coverage 2 articles
Business
Volkswagen approves 50,000 job cuts and halves model range in 2030 restructuring
Supervisory board unanimously backs Zukunftsplan 2030 after weeks of conflict, but four German plants have no guaranteed production beyond 2031 and 500,000 vehicles of European overcapacity remains unresolved.