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- Indexed articles, last 90 days
- 4
- Latest publication
- Jul 27, 2026
- Outlet visibility, for Theglobeandmail
- Top 10K sites
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- Jul 9, 2026
Latest articles
Porsche to cut one in five jobs by 2035 as parent Volkswagen restructures (opens the original)
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German luxury carmaker Porsche POAHF will cut around one in five jobs by 2035, with 9,000 positions to be axed in total, as parent Volkswagen VWAGY and its brands restructure in the face of weak demand and stiff competition. In a deal announced on Monday after months of negotiations, Porsche management and labour representatives agreed to 5,000 additional job cuts that avoid compulsory redundancies through measures like natural attrition and voluntary schemes. These measures follow a first packa
Volkswagen’s plan to cut 100,000 jobs confirmed in memo from CEO (opens the original)
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Volkswagen VWAGY may need to cut about 50,000 more jobs to match the competitiveness of rivals, its CEO told staff in an internal memo, effectively confirming for the first time that the automaker is looking to reduce up to 100,000 positions. Oliver Blume is battling to streamline Europe’s biggest carmaker, whose profits have slumped as it faces billions of euros in tariff costs, stiff competition in China and pressure on its German manufacturing network to become more efficient. After already a
Volkswagen turnaround plan blocked by board’s labour group, sources say (opens the original)
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Volkswagen’s VWAGY powerful labour representatives have blocked a sweeping restructuring plan, two company sources told Reuters on Friday, underscoring the challenge CEO Oliver Blume faces in overhauling Europe’s largest automaker. Blume is seeking to streamline the sprawling German group as it grapples with intensifying competition from China, billions of euros in U.S. tariff costs and concerns over the competitiveness of its domestic factories. But Volkswagen’s governance structure, which give
Volkswagen plans to slash capacity, model lineup in major restructuring (opens the original)
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Volkswagen VWAGY plans to drastically cut its model lineup and further pare back capacity, as Europe’s largest automaker considers a far-reaching overhaul that sources say could cost around 100,000 jobs. Volkswagen is under unprecedented pressure to restructure the business model that underpinned its success for decades, as it grapples with high costs and excess capacity at home. Those factors, along with rising Chinese competition, regulation and U.S. import tariffs, have sliced its profit marg
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