Volkswagen Supervisory Board Approves Plan to Lay Off 50,000 Workers

Volkswagen's Supervisory Board unanimously approved today a restructuring plan that includes cutting approximately 50,000 jobs worldwide by the end of the decade. The number of positions to be eliminated represents double what had been projected in a previous company plan. The decision was made unanimously by the board members, signaling a collective commitment to the restructuring proposed by the German automaker. This plan comes in a context of profound transformations in the automotive industry, with the transition to electric vehicles and increasing competition in the sector.