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Neckarsulm

  • 2h ago

    Volkswagen plans 100,000 job cuts and closure of four German plants in deepest overhaul in its 89-year history

    Europe's largest carmaker weighs a radical restructuring that would double earlier cut targets, break a union pact, and shrink production capacity to 9 million vehicles a year.

  • 5h ago

    Volkswagen plans to cut 100,000 jobs worldwide and close four German plants by 2030

    Volkswagen is considering cutting up to 100,000 jobs worldwide and closing four German plants, its largest-ever restructuring, as it faces Chinese competition and the costly shift to electric vehicles.

Today’s Brief

Hormuz, heat and 100,000 cuts

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A fragile ceasefire in the Gulf ran into the hard fact of a projectile at sea, while Venezuela’s rescue crews searched rubble after twin earthquakes. Europe, meanwhile, kept discovering that June heat now behaves like August with a grudge.

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European Union · Updated 1h ago

Important

The ageing Union's economy

Volkswagen's announcement of 100,000 job cuts and four plant closures in Germany represents a radical industrial policy shift by a core EU state, altering the competitiveness debate.

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