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German automaker Volkswagen Group announced on June 18, local time, that due to geopolitical tensions and intensified industry competition, the company is accelerating its business restructuring.

German automaker Volkswagen Group announced on June 18, local time, that due to geopolitical tensions and intensified industry competition, the company is accelerating its business restructuring.

老虎证券老虎证券2026/06/20 00:14
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According to reports, by the end of this year, Volkswagen will cut 19,000 jobs in Germany, and about 50,000 jobs by 2030. Volkswagen Group CEO Blume stated at the company's annual shareholders’ meeting on the 18th that it has been over a year and a half since the implementation of the company's business restructuring and reform plan. Key measures include reducing management and operating costs, optimizing the layout of production plants, streamlining the organizational structure, and accelerating technological research and development, all aimed at enhancing long-term competitiveness.
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