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Volkswagen stock jumps 7% after brutal job cuts: why investors are cheering

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Volkswagen announced a painful restructuring, and investors responded by sending the shares sharply higher. The German automaker plans to eliminate another 50,000 jobs by 2030, taking planned reductions to about 100,000, while cutting its m…

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Volkswagen stock jumps 7% after brutal job cuts: why investors are cheering
Invezz 1h ago

Volkswagen stock jumps 7% after brutal job cuts: why investors are cheering

Volkswagen announced a painful restructuring, and investors responded by sending the shares sharply higher. The German automaker plans to eliminate another 50,000 jobs by 2030, taking planned reductions to about 100,000, while cutting its m…