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VW Group to cut 50,000 jobs in Germany by 2030

On March 10, VW Group announced its plans to cut about 50,000 jobs in Germany by 2030 to reduce costs during its presentation of its 2025 annual results. The job cuts will affect brands including VW, Audi, Porsche, and CARIAD. As part of this plan, the Group will also reduce annual production capacity of 700,000 unit....

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