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The Economic Times

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Volkswagen CEO aims to cut up to 100,000 jobs in next years: Report

Oliver Blume Volkswagen Magazin

Volkswagen CEO Oliver Blume aims to cut up to 100,000 jobs from the current workforce worldwide over the next few years and discontinue production at four of the group's German plants, Manager Magazin reported ‌on Friday.

The magazine ⁠also said ⁠Blume intends to reduce investment by around 15% to just over €130 billion ($148 billion) over the next five years.

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