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Volkswagen will slash 50,000 more jobs in its biggest-ever restructuring

The supervisory board approved the Future Plan 2030, the biggest restructuring in the automaker's 89-year history, on Thursday

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Volkswagen's supervisory board unanimously approved a restructuring plan on Thursday that includes cutting an additional 50,000 positions globally, bringing the total number of jobs eliminated across the group to 100,000.

Volkswagen described the Future Plan 2030 as the most strategically consequential overhaul in the group's history, built around 12 discrete initiatives designed to sharpen its competitive position and strengthen its financial results. Beyond the workforce reductions, the plan targets an operating margin of 9% by 2030 and calls for streamlining the group's model portfolio by around 50% by 2035, the........

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