Volkswagen CEO Oliver Blume faced boos and banners from workers as he presented the automaker's restructuring plans, which come as the company struggles with rising competition from Chinese carmakers, higher tariffs and weaker demand. According to reports, more than 10,000 Volkswagen employees packed a hall in Wolfsburg this week — and they made it clear they are not ready to accept sweeping job cuts and factory closures without a fight.
The biggest concern is a figure that has stunned Volkswagen's workforce: up to 50,000 jobs could potentially be eliminated as the company looks for ways to cut costs and simplify its operations.
