Volkswagen is planning a sweeping restructuring that could eliminate up to 100,000 jobs worldwide and close four German factories.CEO Oliver Blume presents a plan to spin off the Volkswagen core brand and the components unit to simplify governance and enable separate listings, responding to a structural profit drop and weakening demand.The proposal faces resistance from
IG Metall, the state of Niedersachsen and at least 12 of 20 supervisory board members, and raises questions about bypassing the
Volkswagen law and existing job protections through 2030 and 2033.