Volkswagen has announced a sweeping restructuring plan that will see half of its vehicle models discontinued and up to 50,000 jobs eliminated worldwide. The German automaker says the drastic cuts are aimed at streamlining production, reducing costs and accelerating its shift toward electric mobility amid slowing sales and fierce competition. Executives will focus resources on a smaller, more profitable portfolio, targeting high‑margin EVs and core brands while winding down less‑performing models. The move, expected to unfold over the next few years, will have significant repercussions for suppliers, dealers and thousands of workers across Europe, North America and Asia, sparking debate over the social and economic impact of such a massive downsizing.
Volkswagen to slash half its vehicle lineup and 50,000 jobs in cost-cutting effort local3news.com
