Volkswagen is planning a massive round of layoffs, which will affect nearly 30,000 jobs. Earlier, it was expected that Volkswagen layoffs would affect 15,000 individuals; however, according to the latest information, Volkswagen may conduct one of the largest job cuts in the automobile industry. It comes as Germany's largest automaker is expected to end its job security scheme and even shut down plants. The VW layoffs will be implemented as a cost-cutting measure after company suffered 69% slump in EV sales in August 2024 in Europe's auto maker. This move in aimed to will help the automaker streamline its operations. Volkswagen Layoffs Coming? Volkswagen Might Shut Plants in Germany, End Job Security Scheme as Part of Cost-Cutting Measures.

Volkswagen Planning to Cut 30,000 Jobs After Ending Job Security Scheme Amid Cost-Cutting

JUST IN - Germany's largest car manufacturer Volkswagen is reportedly planning to cut up to 30,000 jobs — Manager-Magazin

— Disclose.tv (@disclosetv) September 19, 2024

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)