IJR News — today's news from every sideVolkswagen weighs turnaround plan amid 50,000 job cuts — 3dVolkswagen is negotiating a turnaround that could involve up to 50,000 job losses, with tensions rising among management, unions, and state owners ahead of a September 4 supervisory board meeting. German state leaders Olaf Lies and Michael Kretschmer are urging a swift, balanced agreement to protect German production and workers, including at sites like the Zwickau EV plant, amid tariffs, weak demand, and rising Chinese competition.
