Volkswagen is analyzing the elimination of 50,000 jobs worldwide, according to the CEO who warns that the situation is critical.

Volkswagen is in a new phase of restructuring, according to CEO Oliver Blume, who informed employees that 'the situation is more than critical.' The German company is considering eliminating approximately 50,000 jobs worldwide and separating some divisions, although this figure is not an official estimate but the result of calculations for cost reduction.

The overall costs of Volkswagen exceed those of competitors by more than 30%, and the current profit margin of under 4% is insufficient to support the development of new technologies and models. The company is facing pressure from Chinese manufacturers, declining profits in China, and import tariffs from the USA. Four German factories are in a difficult situation, and the Volkswagen Supervisory Board will discuss the restructuring plan on September 4.