In its annual figures, the company said that earnings fell from €12.4 billion ($14.45 billion) to €6.9 billion year on year.

Volkswagen CEO Oliver Blume said the VW Group would cut "around 50,000 jobs by 2030" across Germany.

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[–] 61 points 7 months ago (1 child)

So still profitable. Still profitable to the tune of near €7 billion. Oh no!

50,000 jobs go bye bye because line no go up

Capitalism is an amazing system

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