Volkswagen agrees to cut 100,000 jobs; future uncertain for four German plants
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View chart & analysis → - 1Volkswagen (VOW.DE) management, shareholders, and union agree to cut a total of 100,000 jobs over the coming years
- 2An additional 50,000 brings total cuts to 100,000 — the largest ever, surpassing General Motors' (GM) 50,000 layoffs in 2009
- 3Shares jump nearly 10% on Friday as investors welcome the move; workers angered and disappointed, with only agreement to seek alternatives for the future of four plants
This 3-line summary is compiled from the report below.
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