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Volkswagen to cut an extra 50,000 jobs in major restructure, shares spark

By Frank Prenesti

Date: Friday 04 Sep 2026

(Sharecast News) - Volkswagen said it would go ahead with the biggest restructure in its 89‑year history, announcing plans to cut around 50,000 extra jobs and halve the number of models produced as it confronts mounting pressure from Chinese rivals, high energy costs and the expensive shift to electric vehicles.
The...

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