Diana Smith Hill (@helobuff)

#JOBS JOB CUTS- Volkswagen Board Approves 50,000 More Job Cuts, 4 Plant Closures The plan foresees reducing the number of models by around 50%. The company said it had excess production capacity of 500,000 vehicles in Europe and that “a competitive future production allocation ... cannot be secured” for plants in Emden, Zwickau, Hanover and Neckarsulm, although alternative uses will be explored. The board statement said there would be an “adjustment of the employee numbers of around 50,000 positions,” including management jobs. Slimming the number of models would mean higher volumes per model, lowering fixed costs. The plan also calls for “leaner leadership structures and shorter lines of decision.” https://www.newsmax.com/newsfront/volkswagen-board-plant/2026/09/03/id/1268315/