50,000 Job Cuts at Volkswagen: German Auto Giant Collapses Under Chinese EV Pressure
🇩🇪 Volkswagen Faces a Reckoning: 50,000 Jobs at Risk as Chinese EVs Reshape the Industry
50,000 VW workers face layoffs—the largest workforce reduction in German industrial history 🇩🇪 The company's cost per EV is 34% higher than BYD's, and Chinese EV makers now capture 61%