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    "headline": "Volkswagen Board Approves Plan to Cut 50,000 More Jobs",
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    "prose": "The board of German car manufacturer Volkswagen approved a plan to cut an additional 50,000 jobs as part of a sweeping turnaround programme. [^1]\n\nVolkswagen plans to cut an additional 50,000 jobs by 2030, bringing the total number of positions the company intends to eliminate by the end of the decade to 100,000. [^2]\n\nThe approved plan brings the total number of roles Volkswagen plans to shed by 2030 to 100,000. [^3]\n\nThe Beetle-maker has been hit by a drop in profits due to falling sales and fierce competition, especially from Chinese brands. [^4]\n\nVolkswagen's chief executive Oliver Blume said in a statement on Thursday that the move is a strong signal for the future of the firm and that the company is taking responsibility for its entire workforce. [^5]\n\nThe restructuring comes as Volkswagen seeks to restore profitability and remain competitive in a rapidly changing global auto industry. [^6]\n\nVolkswagen had already announced in March that it would cut 50,000 jobs by 2030. [^7]\n\nVolkswagen's supervisory board approved the latest workforce reduction plan on Thursday. [^8]",
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