Volkswagen cuts up to 100,000 jobs from its 630,000-strong workforce

Volkswagen plans to cut up to 100,000 jobs from its 630,000-strong global workforce as the struggling German carmaker battles mounting financial pressure. Years of headcount expansion left VW with an inflexible cost structure ill-suited to competing with surging Chinese electric vehicle makers. Analysts question whether the cuts will be deep enough for VW to survive the Chinese EV onslaught.