Volkswagen is reportedly planning a significant restructuring that could result in the loss of up to 100,000 jobs globally and the closure of four plants in Germany. This major overhaul, aimed at addressing financial challenges and adapting to shifts in the automotive industry, has drawn attention from investors and industry analysts. VW Group CEO Oliver Blume is focusing on cost-cutting measures and the potential spinoff of its core brand to navigate increasing pressure from the burgeoning electric vehicle market and competition, particularly from China. The company has confirmed it is weighing these drastic measures as it seeks to streamline operations and reduce its workforce amid a wave of layoffs sweeping the global auto sector.