Volkswagen plans to cut 50,000 jobs in Germany by 2030

Volkswagen announced a major restructuring plan that includes cutting up to 50,000 jobs in Germany by 2030. The company says this move is part of an effort to save about 6 billion euros annually, as its profits have fallen sharply.

Volkswagen's profit was nearly cut in half, and the company is facing significant challenges. These include intense competition from cheaper electric car makers in China and the impact of international tariffs.