Volkswagen Plans 50,000 More Job Cuts Amid Global Competition

Volkswagen is a company that makes cars under brands such as Volkswagen, Audi, Porsche, and Skoda.

It plans to remove 50,000 more jobs.

Earlier, it had already announced plans to remove another 50,000 jobs by 2030.

That means 100,000 roles could disappear by the end of the decade.

The company says fewer people are buying its cars in some important markets.

Chinese car brands are also competing strongly with Volkswagen.

Volkswagen wants to make fewer but more attractive vehicles and lower its costs.

It will also study new uses for some factories where it makes more cars than customers need.