Volkswagen’s supervisory board has unanimously approved a comprehensive future plan extending to 2030, aimed at transforming the company and boosting its efficiency and competitiveness. The plan, described by Volkswagen as its most significant transformation program to date, will involve substantial restructuring measures. A key component of the plan is a reduction in workforce, with tens of thousands of jobs expected to be eliminated. The company announced the decision via a press release, signalling a major shift in strategy. This restructuring aims to position Volkswagen for success in a rapidly evolving automotive industry. Details regarding the specifics of job cuts and the scale of investment in future technologies are expected to follow.