September 11, 2026

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Volkswagen plans 50,000 job cuts as analysts see ‘halo effect’ for German auto industry

Business CNBC
Image: CNBC

Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of its transformation plan.

CNBC reported this story. Read the full report on cnbc.com →

This is a short summary. CNBC wrote and published the full report.

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