Volkswagen's works council will host staff assemblies with CEO Oliver Blume in August. Workers can question him about plans that threaten up to 140,000 jobs. Blume has stated that 50,000 job cuts are underway to improve cost competitiveness. Plant closures after 2030 could endanger an additional 40,000 positions. Volkswagen declined to comment on the specific job cut figures.

Volkswagen may cut up to 1,00,000 jobs as CEO Oliver Blume signals deeper cost restructuring amid shrinking profits, Chinese competition, and excess manufacturing capacity.

Volkswagen's works council will host staff assemblies with CEO Oliver Blume in August. Workers can question him about plans that threaten up to 140,000 jobs. Blume has stated that…