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EkonomikÇin

Volkswagen to cut another 50,000 jobs to counter tariffs and Chinese competition

04 Eyl 00:34CNEtki 42

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Volkswagen announced Thursday that it will cut another 50,000 jobs worldwide under its biggest restructuring in the company's 89-year history, as the German carmaker faces pressure from US tariffs, overcapacity and fierce competition from Chinese rivals. The plan also sets out the future of four German plants.