Volkswagen AG is trading 3.81% up now at $89.85 following reports that the automaker will cut 19,000 German jobs as part of a major cost-cutting restructuring plan.
- The move is part of a company-specific overhaul aimed at reducing high domestic costs and improving operational efficiency.
- The job reductions are planned to be implemented through end-2026, ahead of the company's Annual General Meeting (AGM) on June 18.