According to an internal memorandum from Volkswagen CEO Oliver Blume to employees, according to estimates aimed at making Volkswagen's cost competitiveness on par with other companies, the company may need to cut about 50,000 more jobs. The company must further reduce costs. Estimates found that compared to comparable companies, there is a 20% cost disadvantage, which means that 50,000 jobs still need to be “theoretically cut” globally.

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