Oliver Blume

Business

Volkswagen Plans Historic Restructuring with Up to 100,000 Job Cuts and Four Plant Closures Amid EV Competition

June 27, 2026June 27, 2026

Berlin: German automotive giant Volkswagen is reportedly preparing for the largest restructuring exercise in its 89-year history, with plans to eliminate around 100,000 jobs worldwide and shut down four manufacturing plants in…

Egypt shuts Suez Canal amid struggle to refloat grounded mega-ship

Egypt(AFP): The owners of a giant container vessel blocking the Suez Canal said Thursday they faced “extreme difficulty” refloating it as Egypt…

Bangladesh Marching Towards Islamic Rule, Hifazat-e-Islam Calls for Destruction of Statues

Dhaka: Hifazat-e-Islam, the largest Islamic organization in Bangladesh, is increasingly emerging as a key player in the nation’s religious and political discourse.…

Volkswagen Plans Historic Restructuring with Up to 100,000 Job Cuts and Four Plant Closures Amid EV Competition

Berlin: German automotive giant Volkswagen is reportedly preparing for the largest restructuring exercise in its 89-year history, with plans to eliminate around…

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Oliver Blume

Volkswagen Plans Historic Restructuring with Up to 100,000 Job Cuts and Four Plant Closures Amid EV Competition

Egypt shuts Suez Canal amid struggle to refloat grounded mega-ship

Bangladesh Marching Towards Islamic Rule, Hifazat-e-Islam Calls for Destruction of Statues

Volkswagen Plans Historic Restructuring with Up to 100,000 Job Cuts and Four Plant Closures Amid EV Competition