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Restructuring

Volkswagen Abandons ‘Gamechanger’ Production Plan at Wolfsburg Plant

Volkswagen has announced that it will abandon its originally planned “Gamechanger” manufacturing concept at its main Wolfsburg plant in Germany, a decision likely to intensify tensions with workers amid the automaker’s ongoing restructuring. The...

Volkswagen Posts Biggest Quarterly Loss in Over a Decade Amid China Slowdown

Volkswagen reported an operating loss of €5.9 billion ($6.6 billion) in the third quarter of 2026, marking its steepest quarterly deficit in more than a decade. The loss was driven by approximately €8 billion...

eBay to Cut 9% of Global Workforce Amid Restructuring

eBay announced on Thursday that it will cut approximately 9% of its global workforce, affecting around 1,000 employees, as part of a restructuring plan to simplify operations and redirect resources towards its key strategic...