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Volkswagen to cut 50,000 German jobs due to declining profits and electric vehicle transition.
Volkswagen announced plans to cut 50,000 jobs in Germany amid a sharp decline in profits, citing financial challenges and the need to restructure its operations.
The move marks one of the largest workforce reductions in the company's history and reflects ongoing struggles in the automotive sector, particularly as the industry shifts toward electric vehicles.
The job cuts will affect multiple plants and departments across the country.
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Volkswagen recortará 50.000 empleos alemanes debido a la disminución de las ganancias y la transición a vehículos eléctricos.