Volkswagen's supervisory board has unanimously approved a sweeping restructuring plan that will eliminate 100,000 jobs by 2030, marking what the company describes as the most far-reaching transformation in its nearly nine-decade history. The plan, known internally as Zukunftsplan 2030 — or Future Plan 2030 — adds a further 50,000 job cuts to the 50,000 already agreed earlier this year, bringing total reductions to roughly 15% of VW's global workforce of more than 660,000 people across brands including Audi, Porsche, Skoda, Seat, Bentley, Cupra and Lamborghini.

Chief executive Oliver Blume, who was booed by workers last month during a tour of VW's headquarters in Wolfsburg, a city in northern Germany where the carmaker was founded in 1937, called the board's unanimous approval