Volkswagen to slash 50,000 jobs in Germany

The auto giant’s profits fell by almost half in 2025 The EU’s largest automaker, Volkswagen (VW), has announced that it will cut about 50,000 jobs in Germany, citing plunging profits, soaring energy costs and mounting trade pressures. In its annual report on Tuesday, VW said that net income nearly halved in 2025, falling to €6.9 […]