Volkswagen plans to cut 30,000 jobs to improve competitiveness

According to foreign media reports, Volkswagen may lay off 30,000 employees in Germany to enhance its competitiveness in Europe's shrinking auto market. The department with the largest layoffs will be the R&D department, where 4,000 to 6,000 of the 13,000 R&D staff will lose their jobs. Volkswagen Group CEO Oliver Blume said that in the long run, it is feasible to lay off 30,000 German employees, which accounts for about 10% of the company's total German employees.