Volkswagen Sets Target to Close Four German Plants and Cut 100,000 Jobs by 2030

The plan to reduce capacity repeats earlier signals from June and arrives alongside an 8.6 percent drop in global deliveries for the second quarter.

Volkswagen intends to close four factories in Germany and eliminate up to 100,000 positions by 2030. The steps form part of a broader effort to lower costs after years of excess capacity and weaker demand in its largest market.

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