Volkswagen Profit Falls 44% as Company Plans 50,000 Job Cuts
Volkswagen’s profit falls 44% in 2025 as the automaker plans to cut 50,000 jobs in Germany by 2030.
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Volkswagen’s profit falls 44% in 2025 as the automaker plans to cut 50,000 jobs in Germany by 2030.
ASML plans to cut 1,700 jobs to reduce management layers, even as AI-driven demand for its chipmaking tools remains strong.
Volkswagen will close its Dresden factory, marking the first shutdown of a German plant in the automaker’s 88-year history, as energy costs, trade pressures, and falling competitiveness hit the industry.