July 9, 2026

Volkswagen stakeholders meet to decide future of creaking auto giant

By Tech Online Things

Volkswagen’s proposed large-scale restructuring faces a crucial test as its supervisory board meets amid growing worker protests across Germany. CEO Oliver Blume is under pressure to push through deeper cost cuts, including potential plant closures and up to 100,000 job reductions, as the company grapples with high domestic costs, excess capacity, and intensifying competition from China and US tariffs.
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