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Volkswagen to cut 100,000 jobs by end of decade

The company will carry out the biggest job cuts ever seen in the industry. Volkswagen also plans to restructure and invest in research.

  • Volkswagen plans to cut 100,000 jobs by the end of the decade.
  • Job cuts include 50,000 additional redundancies on top of 50,000 already agreed.
  • Decision surpasses GM's 2009 job cuts and impacts four major German plants.

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