Volkswagen Signals Potential for 50,000 More Global Job Cuts

Kathmandu. Germany's major vehicle manufacturer Volkswagen has indicated that it may cut around 50,000 more jobs worldwide. 

In an internal message sent to employees, the company's Chief Executive Officer (CEO) Oliver Blume mentioned that further cost reductions are necessary to match the cost structure of competing companies. 

According to the internal information obtained by Reuters, Volkswagen has already agreed to cut 50,000 jobs in its various subsidiaries, including Porsche and Audi.  

However, Blume stated that after evaluating that the company's costs are still about 20 percent higher than those of competing companies, further structural reforms are necessary. 

According to him, based on this cost difference, there is a theoretical situation where 50,000 more jobs worldwide need to be cut. However, he clarified that this is not a final decision but only a preliminary calculation. 

Blume informed that a review of necessary adjustments is underway across all the company's brands, subsidiaries, and various regional offices. 

In reality, a detailed evaluation is being conducted on how many job cuts are necessary and possible, he said.