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Volkswagen Plans €16B Restructuring With Job Cuts and Plant Closures

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Volkswagen estimates the cost of a landmark restructuring pact for job cuts and potential plant closures at around €16 billion ($18.6 billion). The plan includes considering alternatives for four German plants that will run out of models over the next decade and cutting about 50,000 more positions than previously planned. The deal is expected to raise its 2026 automotive net cash flow margin forecast to 5.5%-7.5%.

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