Volkswagen to cut another 50,000 jobs to counter tariffs and Chinese competition
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What happened
Volkswagen announced Thursday that it will cut another 50,000 jobs worldwide under its biggest restructuring in the company's 89-year history, as the German carmaker faces pressure from US tariffs, overcapacity and fierce competition from Chinese rivals. The plan also sets out the future of four German plants.
Summary assembled by rule from the sources below