Volkswagen plans 50,000 job cuts as profits fall

Europe’s largest carmaker, Volkswagen, is pushing ahead with plans to cut 50,000 jobs in Germany by 2030 after profits fell sharply, underlining ongoing pressure on the group. The company said post-tax profits dropped by 44% to €6.9 billion in 2025, reflecting intensifying challenges across key markets and rising costs linked to industry transformation. VW’s Chief […]