Volkswagen Supervisory Board Halts CEO Blume's Overhaul, Pushing Job-Cut Decisions to September

Worker representatives on the board blocked plans that would close four German plants and eliminate up to 100,000 positions, exposing the limits of rapid restructuring at Europe's largest automaker.

Volkswagen's supervisory board has refused to endorse Chief Executive Oliver Blume's latest cost-reduction blueprint, citing its reliance on plant closures and deep employment reductions. The decision leaves the company's restructuring timeline in limbo until at least September and underscores the power of labor voices inside German corporate governance.

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