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Volkswagen Group to cut 50,000 jobs in Germany as profits tumble

Europe’s biggest carmaker, Volkswagen Group, has presented dismal 2025 annual results. Today, the company – which includes brands such as VW, Audi, Porsche, Seat and Skoda – announced it will cut 50,000 jobs in Germany until 2030 to regain efficiency. Sales only went down by 0.8 per cent to €322 billion or 9 million cars.