Volkswagen CEO Oliver Blume has announced that the company will axe up to 50,000 jobs – in addition to the 50,000 already agreed on. The aim is to slash the costs of Europe's largest car manufacturer to a 'competitive level'.

Volkswagen CEO Oliver Blume has announced that the company will axe up to 50,000 jobs – in addition to the 50,000 already agreed on. The aim is to slash the costs of Europe's largest car manufacturer to a 'competitive level'.