02 Jun 2026, 02:35:39 PM

Volkswagen Strikes Landmark Agreement with Unions, Plans 35,000 Job Cuts in Germany

Volkswagen, Europe’s largest carmaker, has announced a sweeping restructuring plan for its German operations, including more than 35,000 job cuts and capacity reductions. The deal, reached in a last-minute negotiation with unions, aims to avert mass strikes while positioning the company for a competitive future in the rapidly evolving auto industry. German Chancellor Olaf Scholz […]