Business & Economics

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Volkswagen Unveils Plan for 100,000 Layoffs and Four German Plant Closures

On 26–27 June 2026 Volkswagen internally tabled a proposal to cut about 100,000 jobs—roughly 15 % of its workforce—close the Hanover, Zwickau, Emden and Audi-Neckarsulm factories, and trim five-year capital spending by 15 %, signalling the company’s largest restructuring ever.

Trump Vows 100 % Tariffs on Nations Enacting Digital Services Taxes

Posting on Truth Social on 26 June 2026, President Trump declared that any country imposing a digital-services tax on U.S. tech firms will face an immediate, across-the-board 100 % tariff on all exports to the United States, overriding last month’s 15 % U.S.–EU tariff cap.

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