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Story summary
- Volkswagen Group plans to cut 50,000 jobs in Germany by 2030 after a sharp profit decline.
- Net profit fell nearly 44% to €6.9 billion in 2025, the lowest since 2016.
- CEO Oliver Blume cited U.S. tariffs, China competition, and high EV-transition costs as drivers.
- Volkswagen had previously agreed to reduce 35,000 jobs by 2030, and CFO Arno Antlitz urged rigorous cost-cutting.
