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Volkswagen to cut up to 100,000 jobs globally
He has already announced a strategy aimed at cutting €11bn (£9.49bn) from costs.
Volkswagen plans to cut up to 100,000 jobs and end production at four plants in Germany in a significant acceleration of its cost-cutting plans as Europe’s largest carmaker seeks to counter the rapid advance of Chinese rivals.
VW Eyes Cutting 100,000 Jobs and Closing Plants, Report Says
The proposed plan has already been shared with members of Volkswagen's supervisory board and will be discussed at a meeting on July 9.
