Volkswagen's works council will hold staff assemblies with CEO Oliver Blume in August, addressing concerns over plans that could impact up to 140,000 jobs by 2030.

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…