Volkswagen's supervisory board unanimously approved, this Thursday, a restructuring plan that includes eliminating approximately 50,000 positions worldwide by the end of the decade.
The plan was announced as a company restructuring measure, affecting global operations of the German automobile group.
Although the announcement represents significant personnel reductions, the Autoeuropa factory in Portugal appears mentioned as being safeguarded for now, suggesting it will not be directly affected by this first phase of cuts.
The cut of approximately 50,000 jobs represents one of the largest restructurings in Volkswagen's history, a company that employs hundreds of thousands of workers worldwide.
