Volkswagen's supervisory board is set to discuss a sweeping restructuring proposal that could eliminate up to 100,000 jobs and shutter four production facilities in Germany.
The plan, described as a historic intervention for the automaker, represents a radical overhaul of the company's operational structure under CEO Oliver Blume.
The board meeting, scheduled for Thursday, marks a critical juncture in VW's efforts to streamline its European operations.
Reports indicate that the proposal involves significant cost-cutting measures and a reduction in the company's physical footprint within its home market.
The scale of the proposed job cuts underscores the severity of the challenges facing the traditional auto sector amid shifting market dynamics.
Multiple media outlets, including Manager Magazin and La Repubblica, have reported on the confidential documents outlining the restructuring strategy.