The Volkswagen Group is set to hold a series of nine company-wide meetings over the course of seven days, during which management is expected to explain the planned cost-cutting program. According to BILD, there is talk of cutting up to 120,000 jobs and the possible closure of plants in Emden, Hanover, Zwickau, and Neckarsulm. Group CEO Oliver Blume described Volkswagen’s situation as “more than critical.” He said the group is preparing the largest transformation plan in its history, which will affect products, technologies, competitiveness, structures, and growth. bild.de 🇩🇪