Volkswagen Expands Restructuring After Profit Warning
Volkswagen will expand its restructuring programme after cutting its profit margin outlook. German auto workers staged protests following the announcement of planned job cuts.
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VOLKSWAGEN AG will accelerate its restructuring plans, cutting 50,000 jobs as management warns of mounting operational pressures. The move follows last week's profit margin cut to 1% for 2026, driven by rising costs and intense Asian competition. Europes largest carmaker faces overcapacity and plunging profitability in China, hitting investor confidence across Germany's automotive sector.
