(FILES) German carmaker Volkswagen (VW) CEO Oliver Blume (L) and the company's CFO Arno Antlitz leave the podium after an annual news conference to present the company's results at the company's headquarters in Wolfsburg, central Germany, on March 11, 2025. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. (Photo by Ronny HARTMANN / AFP via Getty Images)