Volkswagen is set to cut 100,000 jobs, and end production at four of its plants, as part of a restructuring to counter Chinese rivals in Europe.

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.