IJR News — today's news from every side
+160 Tom Gallagher Halving the lineup makes sense honestly, VW's had way too much overlap between brands for years. The job losses are the brutal part though.Volkswagen weighs turnaround plan amid 50,000 job cuts x/michael-kretschmer — Aug 29, 2026 Volkswagen is negotiating a turnaround that could involve up to 50,000 job losses, with tensions rising among management, unions, and state owners ahead of a September 4 supervisory board meeting. German state leaders Olaf Lies and Michael Kretschmer are urging a swift, balanced agreement to protect German production and workers, including at sites like the Zwickau EV plant, amid tariffs, weak demand, and rising Chinese competition. +3