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flag Volkswagen to cut 50,000 German jobs due to declining profits and electric vehicle transition.

flag 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. flag 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. flag The job cuts will affect multiple plants and departments across the country.

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