Volkswagen to cut up to 100,000 jobs in restructuring, signaling German industrial crisis

Volkswagen, Europe's largest automaker, announced plans to close up to 100,000 of its 663,000 jobs, reflecting deep structural challenges in Germany's industrial sector. The move underscores the company's struggle with the transition to electric vehicles and global competition. This signals broader economic strain in Germany, potentially impacting European growth and market sentiment.