Volkswagen, one of the world’s largest automakers, is reportedly planning to axe as many as 100,000 jobs over the next few years, representing 15% of its global workforce. The job cuts would come alongside the planned closure of four factories in Germany and a 15% reduction in investment over the next five years, according to a report Friday by Manager Magazin, a German business magazine. The report added that Volkswagen – Germany’s biggest automaker and one of its major employers – is planning to spin off its main Volkswagen brand and auto parts business into separate entities.
The company owns several other brands including Audi and Porsche. A Volkswagen spokesperson declined to comment to CNN on “internal, confidential documents.” “The underlying matters will be discussed and approved in the respective committees,” the spokesperson added. “We will not pre-empt this process.” VW employs almost 660,000 people worldwide and had already announced plans to slash 50,000 jobs in Germany by 2030. The company has one US assembly plant, in Chattanooga, Tennessee, which has more than 4,000 workers. Like many European carmakers, it has been squeezed by fresh tariffs on its exports to the United States as well as struggling to counter the rise of Chinese electric vehicles manufacturers, including BYD.
The Volkswagen spokesperson said the company required “sharper focus as well as stricter discipline over costs and investment” to meet its new reality, adding that its traditional business model – making cars in Europe and exporting them globally – “no longer works” for all of its brands. Any job cuts will likely meet resistance from German unions. “If such plans are pushed forward, we would prevent them with all our might,” labor union IG Metall and Volkswagen’s General Works Council said in a joint statement on Friday. Shares of Volkswagen were down 1.5% early afternoon local time. Its stock has dropped by more than a quarter so far this year.
He who believes in Him is not condemned; but he who does not believe is condemned already, because he has not believed in the name of the only begotten Son of God. John 3:18
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Home / Business/Industry News / Sports Memorabilia Business News / Nebraska Postal Worker Arrested in $46,000 Sports Card Theft Nebraska Postal Worker Arrested in $46,000 Sports Card Theft August 31, 2026 By…
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Number of Casualties in Leipzig Car Ramming May be as High as 80 Getty Images OLIVER JJ LANE5 May 2026968 While the picture is unclear because many were ‘walking wounded’ who left the scene without talking to medics, it is thought the Leipzig car attack may have struck as many as 80 people on Monday. The alleged driver of a car that was ploughed through crowds on a busy shopping street and a historic market square appeared before a court on Tuesday after being arrested at the scene on Monday afternoon.
The suspect, a 33-year-old German citizen, is said to be a local amateur boxing coach. Police say they do not believe the car being driven through the crowds was accidental and they are treating it as a deliberate attack, but say they don’t believe there is any political or religious motivation, NTV reports. The alleged perpetrator was already known to police, it is said, and had left a psychiatric hospital the day before the attack. If the facts as presented turn out to be true, the deaths in Leipzig may again speak to state failure, where a patient at a mental hospital has been allegedly expelled after violence towards staff and fellow inmates, exposing the general public to this danger rather than transferring the individual to a more secure unit. On Monday afternoon, a car was driven at speeds of “at least” 50 kilometres per hour (30mph) through the pedestrianised city centre of Leipzig, eastern Germany.
As reported on Monday, two people were declared dead at the scene, and they have now been identified as a 63 year old woman and 77 year old man reports Die Welt. The number of injured has remained unclear, although it has quickly risen from around a dozen to as many as 80. Three of those are said to be seriously injured and in critical condition, but the total number is unclear as many lightly injured individuals are thought to have left the scene without checking in with paramedics to either check themselves into hospital or go home.
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A German tourist has died after a snake crawled into his trousers and bit him as he watched a show in Egypt on a family holiday, police in Germany have said. The 57-year-old man was watching the snake-charming show at a hotel in Hurghada, a popular beach holiday destination on the Red Sea, in early April. The two snakes involved, thought to be cobras, were draped over the necks of audience members, police in southern Bavaria state said.
“The ‘snake charmer’ then let one of the snakes crawl into the trousers” of the German man and it bit him in the leg, they said in a statement. The victim showed “clear signs of poisoning” and had to be resuscitated before being taken to hospital, where he later died, they said. The man – who was not named in the statement – came from the Unterallgäu district of Bavaria and was on holiday with two relatives. German police and prosecutors are investigating his death and are awaiting the results of a toxicology test. When contacted by Agence France-Press, Egyptian authorities said they were not aware of the incident.
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A 10-month-old girl has died along with two other people after a tree toppled during an Easter egg hunt in northern Germany, police say.
The 100-foot tree fell on four people participating in the event on Sunday morning in woods near the town of Satrupholm.
The baby girl died in hospital, while her 21-year-old mother died at the scene as she was being treated by first responders, as did another 16-year-old girl.
An 18-year-old woman suffered serious injuries and was brought to the hospital by helicopter.
The incident took place as around 50 people from a nearby residential facility for new mothers, pregnant women and children hunted for eggs in the area, which had been under a high winds warning from the German weather service.
Grief counsellors were sent to the scene, where pictures published by the Bild news site showed several Easter eggs scattered on the ground and two of the victims covered in white sheets.
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For South Windsor resident Jessica Waterhouse, caring for animals is her life passion. Five years ago, she opened an animal sanctuary and recently three “very special”…
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A Hilton Head Island lifeguard saved a beach-goer’s dog Thursday morning. Lifeguard Otávio Cunha from Hilton Head’s Shore Beach Service swam 60 yards to rescue the…
A 7.7-magnitude earthquake that struck eastern Indonesia on Saturday killed at least 38 people, a disaster management official said, revising an earlier toll. A second, 6.4-magnitude…
Italian divers have discovered the 2,100-year-old wreck of a Roman ship off Sicily, piled high with hundreds of well-preserved ancient clay jars, known as amphorae, which…
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Footage posted on social media shows a young baby being pulled alive from the rubble of a destroyed building in Colombia after a 7.-magnitude earthquake struck…
BEIJING (AP) — The first official trip to China by German Chancellor Friedrich Merz comes as his country’s manufacturers face increasing pressure from Chinese competitors and as U.S. President Donald Trump shakes up a post-World War II global order that Europe has long depended on.
A mother bear and her two cubs were spotted Tuesday in Auburn, marking the latest after a string of recent bear sightings across western Placer County. The Auburn Police Department said the bears were seen near Lincoln Way and Russell Road. “A friendly reminder to our neighbors: We live in bear country! Please keep an…
Forty miles west of Minneapolis, Howard Lake mixes water recreation with country living. But a couple weeks ago, the small town got a visit from an unexpected feline guest. A security camera captured video of what appears to be a cougar strolling through a neighborhood. “Generally, it’s pretty quiet. People like to get out on their four-wheelers…
Waterfowl on lakes and rivers are a common sight. But it’s the not-so-common loon that when seen in person is often the apple of a photographer’s eye, especially for Chris Whitty. “I’ve been taking pictures of loons and birds on the various lakes for a long time,” he said. Capturing wildlife on camera is one…
A beloved Springfield, Massachusetts, zoo is closed, after significant damage from a powerful macroburst on Saturday. Before the gates at The Zoo in Forest Park can reopen, there’s a lot of work to do to make sure it’s safe for the animals and the people who come to see them. The animals are safe, but…
New shark-spotting technology has been on full display this summer—and for good reason. With shark activity on the rise, the Nassau County Police Marine Bureau is on the front lines, using new technology to patrol local waters and help keep beachgoers safe. FOX Weather Correspondent Katie Byrne reports from Lido Beach, New York. Source: Dangers…
The Wisconsin Department of Natural Resources (DNR) Monday continued to investigate a black bear attack in Barron County that landed a 69-year-old woman in the hospital. What You Need To Know The Wisconsin Department of Natural Resources (DNR) Monday continued to investigate a black bear attack in Barron County that landed a 69-year-old woman in the…
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A bear was spotted in Roseville on Wednesday morning, one day after police in neighboring Rocklin issued an alert about a similar sighting. Roseville Fire said the bear was seen near Foothills Boulevard between Blue Oaks Boulevard and Pleasant Grove Boulevard. Roseville police said they received three reports of a bear sighting, all between 2…
The borough of Oakmont has voted to move forward with a harvesting program to bring down its deer population. This has been a wildlife management tool used to great effect by other places before, including the city of Pittsburgh. While Oakmont is known for its famous golf course and bakery, it is now also known…
More than half a dozen white sharks have been spotted close to shore in Scarborough, Maine over a 48-hour period, prompting warnings and increased monitoring near a popular beach. The sightings have generated interest from both beachgoers and biologists. Scarborough Marine Resource Officer Daryen Granata said many of the sharks spotted in the area are…
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