Volkswagen has approved plans to cut 100,000 jobs by the end of the decade, marking the biggest restructuring in the global auto industry. The automaker, hit by US tariffs, weak EV demand and Chinese competition, will also review the future of four German plants, though no closures have been approved.

Volkswagen says it will cut 50,000 more jobs, taking total losses to 100,000.

Volkswagen announces plans to cut 100,000 jobs by 2030, marking a historic restructuring amid economic challenges.