# China Competition

Volkswagen’s Radical Retrenchment: A 100,000-Job Gamble to Survive the China Shock

Volkswagen is reportedly planning its largest-ever restructuring, involving 100,000 job cuts and the closure of four German factories to combat the existential threat from Chinese EV makers. Despite projected annual savings of €10 billion, the company still faces a significant cost and technology gap that threatens its long-term market dominance.