Volkswagen supervisory board approves doubling job cuts to 100,000
Volkswagen’s supervisory board approved a plan to double job losses to 100,000 and halve its model portfolio, citing President Trump’s tariffs and tougher competition from Chinese automakers.
By Stephen Wilmot and Katherine HamiltonVolkswagen's supervisory board has approved a plan to double job losses at the automaker to 100,000 and halve its model portfolio as it contends with President Trump's tariffs and intensifying competition from Chinese automakers.In a surprise move, the compan…