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Enormous challenges | Volkswagen Group eyes up a further 50,000 job cuts under its Future Plan 2030

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HR Grapevine | Executive Grapevine International Ltd
Woman inspecting car frame assembly
Image credit - Volkswagen AG

Automotive giant Volkswagen has announced its intentions to reduce its workforce by a further 50,000 employees.

The firm cited intensifying global competition, shifting demand and technological change as the primary drivers in the decision.

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