Volkswagen’s China crunch deepens as Europe’s biggest carmaker weighs 100,000 job cuts

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Volkswagen’s China crunch deepens as Europe’s biggest carmaker weighs 100,000 job cuts

Volkswagen is weighing up to 100,000 job cuts as Europe’s biggest carmaker accelerates a sweeping overhaul after admitting the manufacturing model that underpinned decades of German industrial success can no longer compete in a market reshaped by Chinese rivals. The German automotive giant is reportedly considering almost doubling previously announced workforce reductions while shutting four [...]