Volkswagen is considering slashing 100,000 jobs and shutting four German plants in what would be the deepest overhaul in its 89-year history, according to Manager Magazin.
The proposed moves, which would hit sites in Hanover, Zwickau, Emden and Audi's Neckarsulm plant, underline how brutally the German carmaker is being squeezed by Chinese EV competition, soft demand in Europe and tariff pressure in the US.
