Volkswagen jumps 5% on plans to cut 50,000 jobs amid tariffs, China competition
- Posted on September 4, 2026
- By CNBC
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- 1 min read
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Volkswagen jumps 5% on plans to cut 50,000 jobs amid tariffs, China competition
Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of its transformation plan.
