A worrying report claims Volkswagen will ramp up its cost-cutting efforts by doubling the planned layoffs to 100,000 employees and closing four plants.

Wolfsburg (dpa) - Der VW-Konzern will einem Medienbericht zufolge seinen Sparkurs deutlich verschärfen. Bis zu 100.000 Stellen könnten weltweit wegfallen, doppelt so viele wie…

Volkswagen is reportedly preparing what could become the most radical overhaul in its history. Up to 100,000 jobs could be cut worldwide, while four German plants could close.