VW pushes ahead with 50,000 more job cuts after board blocks plant closures

Volkswagen CEO Oliver Blume confirms a plan to cut about 50,000 more jobs as the supervisory board rejects closing four German factories; the overhaul comprises 12 initiatives and is being rolled out via voluntary redundancies with a broader aim to reduce overheads by 20% and cut annual production from 12 million to 9 million, while also weighing the Osnabrück site’s shift to defence production and drawing criticism from IG Metall.