Volkswagen Plans 100,000 Job Cuts and Sale of Bayern Munich and Stuttgart Stakes

Volkswagen is preparing a multi-billion-euro savings programme that includes cutting 100,000 jobs, according to investigative outlet Correctiv. As part of the plan, the group intends to sell Audi's 8.33% stake in FC Bayern München AG and Porsche's 10.4% stake in VfB Stuttgart. The asset sales are intended to help fund a sweeping restructuring that has triggered open internal conflict within the VW Group.

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