34 Days
Source:
عربية – DW
Why is Volkswagen Preparing for Its Largest Wave of Layoffs in Company History
Volkswagen is facing significant pressures due to its large workforce, which is 60% larger than Toyota's despite producing the same number of cars. This has led to high operational costs and a negative impact on its profits. Due to these pressures and technological challenges, the company plans to cut approximately 100,000 jobs worldwide and shut down four factories in Germany, as part of efforts to reduce costs and improve profitability. Volkswagen is also facing increasing competition from Chinese companies that are advancing in electric vehicle production, prompting it to invest in automation and upgrade its factories to stay competitive.
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