# Volkswagen CEO Confirms Potential 100,000 Job Cuts
Volkswagen CEO Oliver Blume has confirmed in an internal memo to employees that Europe's largest automaker may cut up to 100,000 jobs. The disclosed memo indicates that 50,000 additional layoffs could be implemented beyond the 50,000 job cuts that were previously agreed upon.
In the memo, Blume attributed the planned cuts to a significant competitive disadvantage, stating that Volkswagen faces a 20% cost disadvantage against rival automakers. The CEO cited this cost gap as a primary driver behind the need for the substantial workforce reductions.
The memo represents a formal acknowledgment of workforce reduction plans that would represent a major restructuring for the German automotive manufacturer. The scale of the potential cuts underscores the company's efforts to address structural cost challenges in an increasingly competitive global automotive market.
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