Volkswagen Eyes Major Restructuring Amidst EV Transition, Potential Job Cuts Up to 100,000

Volkswagen Group is reportedly considering a drastic overhaul of its global operations as it navigates the shift to electric vehicles. This potential restructuring could involve significant job reductions, with estimates suggesting up to 100,000 positions might be eliminated worldwide, along with the closure of four German factories. The moves underscore the immense financial pressures and efficiency demands faced by legacy automakers in the EV era.