The boss of German carmaker Volkswagen warned workers on Tuesday to brace for more job losses, earning boos and jeers from the crowd, as the crisis-hit company faces a drastic round of cost-cutting.

The German carmaker is mulling deep job cuts amid the 'biggest upheaval' in its history

An internal memo sent by the Volkswagen CEO to employees delivers a grim warning amid falling profits and the rise of Chinese automakers.