Volkswagen announces it will cut 100,000 jobs by 2030
Volkswagen said it will reduce its global workforce by 100,000 positions by 2030, roughly 15% of employees. The plan includes halving the model range as part of the automaker's largest restructuring effort. The company says the cuts will help fund its electric‑vehicle strategy and improve profitability amid slowing demand. The move comes as the carmaker faces intense market pressure and a shift toward electrification.