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.

Volkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closing four German plants. The company also…

Volkswagen plans to discontinue production at four of its German plants, according to news reports. Read more at straitstimes.com. Read more at straitstimes.com.