Volkswagen approved a plan that foresees laying off 50,000 workers. The decision was announced after a meeting of the executive committee of the board, held before the plenary meeting of the group.
The group's supervisory body, based in Wolfsburg, had a plenary meeting scheduled for the day the decision was announced.
The workforce reduction plan represents a significant measure by Volkswagen's management to restructure the company and potentially reduce operational costs.




