VW plans to cut up to 10,000 jobs and shut plants, report says

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German firm reportedly considering doubling previously announced staff reductions amid Chinese competition

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Germany’s Volkswagen is to cut up to 100,000 jobs and reduce and eventually stop production at some plants, according to reports.

The company has refused to comment on reports of a management presentation at a board meeting outlining dramatic cost cutting, but if it goes ahead it would mean Volkswagen doubling previously announced staff reductions.
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VW plans to cut up to 10,000 jobs and shut plants, report says

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