https://www.live-feeds.com/feed/automotive-giant-s-stock-surges-amid-plan-to-cut-50-000-jobsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/automotive-giant-s-stock-surges-amid-plan-to-cut-50-000-jobshttps://www.live-feeds.com/feed/automotive-giant-s-stock-surges-amid-plan-to-cut-50-000-jobs#u61057Tue, 08 Sep 2026 05:51:58 +0000Volkswagen is cutting 50,000 jobs and half of its vehicle lineup as part of a cost-cutting turnaround strategy called Future Plan 2030. The company board approved the measures to ease a corporate crisis, leading to a surge in stock prices. The restructuring includes ending production at four plants. While the plan represents a win for management, labor leaders maintain that CEO Oliver Blume does not have a blank check for the overhaul, and the deal with unions may lead to future conflicts.Why it mattersThe restructuring comes as the carmaker faces an embattled state and challenges related to C