Volkswagen jumps 5% on plans to cut 50,000 jobs amid tariffs, China competition - CNBC
business 2026/09/04 08:49:09

Volkswagen jumps 5% on plans to cut 50,000 jobs amid tariffs, China competition - CNBC

Source:CNBC
Author:Sawdah Bhaimiya

Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of its transformation plan.