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Volkswagen's board has approved a plan to cut an additional 50,000 jobs, raising the total planned job reductions to 100,000 by 2030. The company is responding to declining profits and increased competition from Chinese manufacturers, emphasizing the need for a workforce adjustment to maintain competitiveness.
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Volkswagen's board has approved a plan to cut an additional 50,000 jobs, raising the total planned job reductions to 100,000 by 2030. The company is responding to declining profits and increased competition from Chinese manufacturers, emphasizing the need for a workforce adjustment to maintain competitiveness.
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Volkswagen board approves plan to cut another 50,000 jobs
Volkswagen Board Approves Plan to Cut 50,000 Jobs