Volkswagen plans to cut 15% of its workforce and close four German plants, report says

Volkswagen's major restructuring plans involve slashing 100,000 jobs and closing four plants in Germany, a move that reflects its struggle to adapt to shifting market demands and increasing competition from electric vehicle makers. This shake-up could reshape the company's future, as it aims to cut costs and streamline operations amidst a broader industry shift towards sustainable mobility solutions. The decision underscores the challenges traditional automakers face as they navigate the transition to electric and autonomous vehicles.