German Finance Minister Lars Klingbeil, together with Lower Saxony's State Premier (not pictured) the chairwoman of the central works council of German car maker Volkswagen (VW) (not pictured) give a statement, on September 17, 2026 in front of the Volkswagen plant in Wolfsburg, Germany. German car giant Volkswagen had announced earlier in September 2026 that management and unions had agreed to cut a total of 100,000 jobs by the end of the decade, the biggest-ever restructuring in the global auto industry. (Photo by Ronny HARTMANN / AFP via Getty Images)