Volkswagen will cut another 50,000 jobs, taking the total to 100,000. The supervisory board vote was unanimous, and half of it represents the workforce.

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

Volkswagen’s board has approved a major cost-cutting plan to counter low-cost competition in China and U.S. tariffs

Volkswagen’s board backs 50,000 additional job cuts, fewer models and a smaller industrial footprint as the carmaker targets a 9% margin by 2030.

Volkswagen’s ‘Future Plan’ aims to boost efficiency and competitiveness across group brands