Volkswagen Considers Laying Off 100,000 Workers In New Restructuring Plan

Volkswagen has spent the past few years trimming costs, but its next round of belt-tightening could make previous efforts seem like trying to get ripped for summer on a 50-calorie deficit. Reports out of Germany claim the automaker is considering a sweeping overhaul that could ultimately affect as many as 100,000 jobs worldwide.

 

But the alleged plans go far beyond workforce reductions. They allegedly include factory closures, lower investment spending, major administrative cuts, and even changes to the way the entire Volkswagen Group is organized. If implemented, this would rank among the most significant shakeups in the company’s history.