The board of Volkswagen has agreed to cut a total of 100,000 jobs by 2030 as part of a sweeping restructuring programme aimed at countering the impact of tariffs and intensifying competition from Chinese rivals.
The German group, which includes Audi, Porsche, Skoda and the VW brand, said the overhaul would be 'the most extensive transformation programme' in its 89-year history.
The planned cuts include the 50,000 jobs already agreed, taking the total reduction to 100,000 positions by the end of the decade.
The firm, which employs around 660,000 people, did not provide further details on the timing of the cuts or how they would be distributed across its brands and regions.
Volkswagen also outlined plans to halve its vehicle line-up by 2030, prioritising its 'most compelling vehicles' and increasing production volumes of each model to help lower costs.
