Europe under extreme duress

[Randy Daytona]

Volkswagon announces layoffs of 50,000. Wonder what impact that will have on German politics?

Volkswagen to cut 50,000 jobs as profits drop

Europe's largest carmaker said post-tax profits had dropped to their lowest level since 2016.

www.bbc.com

Looks like 50,000 was a low number:

VW Workers Boo CEO Blume, Report Claims, As Possible Plant Closures and Up to 100,000 Job Cuts Loom​

VW Workers Boo CEO Blume, Report Claims, As Possible Plant Closures and Up to 100,000 Job Cuts Loom

Oliver Blume urged workers to back deeper cuts, according to the report, but VW labor leaders say trust in management is damaged.

www.roadandtrack.com

 

[Griz882]

Looks like 50,000 was a low number:

VW Workers Boo CEO Blume, Report Claims, As Possible Plant Closures and Up to 100,000 Job Cuts Loom​

VW Workers Boo CEO Blume, Report Claims, As Possible Plant Closures and Up to 100,000 Job Cuts Loom

Oliver Blume urged workers to back deeper cuts, according to the report, but VW labor leaders say trust in management is damaged.

www.roadandtrack.com

Well, this does align with the China Shock 2.0 article you posted.