Volkswagen CEO Signals Potential Layoff of 50,000 Positions Over Cost Disadvantage

According to Reuters, Volkswagen CEO Oliver Blume indicated in an internal memo to employees that the company may need to cut approximately 50,000 positions globally to improve cost competitiveness. The memo cited analysis showing the company faces a 20% cost disadvantage compared to comparable peers, requiring further reductions to align its cost structure with competitors.
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