That means job cuts. Deep cuts, in this case.

Job Cuts at VW: Auto Giant Plans to Cut Up to 100,000 Jobs – The crisis in the auto industry continues. VW is now reportedly doubling its original layoff plans – and some plants are also expected to be closed.

According to information from Manager Magazin, the Volkswagen Group plans to cut up to 100,000 jobs. Citing insider information, the publication reported that the restructuring is to be carried out over the next few years. This would effectively double the previous job-cut target. In addition, plans are reportedly in place to close four plants in Hanover, Emden, Zwickau, and Neckarsulm (Audi) in the medium term.