This Automaker Just Wiped Out THOUSANDS of Jobs — Here’s Why

This company is moving forward with major workforce reductions as the global auto industry faces enormous pressure from rising costs, slowing demand in key markets, increased competition, and the expensive transition toward electric vehicles and new technology. Thousands of jobs are being affected as the automaker restructures parts of its business and looks for ways to cut costs. The changes are raising concerns among workers and communities that have depended on automotive manufacturing for generations. The situation at Volkswagen is also part of a much bigger story unfolding across the global auto industry. Traditional automakers are being forced to make difficult decisions as competition intensifies and the way cars are designed, manufactured, and sold continues to change. In this video, we break down what’s happening at Volkswagen, why thousands of jobs are being affected, and what these changes could mean for auto workers and the future of the automotive industry. https://www.wsj.com/business/autos/vo... https://www.jayreedtv.com/ TikTok: https://www.tiktok.com/@jayyreed?_t=Z... Patreon:   / realjayreed   Facebook: facebook.com/thejayreed video credit: https://www.tiktok.com/@humblemechani... https://www.tiktok.com/@thechristophe... https://www.tiktok.com/@realbrianmell... This video includes my commentary and reactions to publicly available TikTok content, used under Fair Use for discussion and critique. Equipment I use in my videos: Swinging pendulum https://amzn.to/42K3Kfy Camera(Sony A6400) - https://amzn.to/3lA0tY8 Monitor(Samsung Gaming 32 inch Monitor) - https://amzn.to/3eSeDle #jayreed #economy #politics #costofliving #layoffs