CEO Oliver Blume celebrates a groundbreaking deal addressing overcapacity, while shares stumble and calls for German economic reform grow louder. Volkswagen Reshapes Future Without Shuttering Plants In a pivotal decision, Volkswagen has struck a historic agreement to reduce jobs and production capacity in Germany without resorting to factory closures. CEO Oliver Blume has hailed the deal as a significant milestone, balancing economic necessity with a commitment to safeguarding domestic manufacturing. The announcement comes after lengthy negotiations, culminating in the decision to cut 35,000 jobs by 2030 as part of a cost-saving initiative expected to save $4.2 billion annually. Despite the … Continue reading Volkswagen’s Bold Move: Job Cuts Without Factory Closures Amid Economic Challenges