Europe’s largest automaker, Volkswagen, is to shed 50,000 jobs by the end of the decade, as it faces falling sales in China and North America and punitive US tariffs imposed by Donald Trump.
The 10-brand group, whose luxury subsidiaries Porsche and Audi are also under pressure, said the jobs would go in Germany, affecting the entire group, as part of a restructuring drive in light of the darkening global business climate.
The group had already struck a deal with German trade unions at the end of 2024 to slash 35,000 jobs by 2030, in part by natural attrition through retirement and other staff departures.
I don’t disagree (even though I’m more progressive myself), but I think the general political sentiment on Lemmy is more anarchist and anti-capitalist than anything else. It’s the same comments for basically any post that mentions or even hints at a company name.