Germany's Volkswagen Group is pursuing the largest restructuring in the auto industry's history. The goal is to reduce jobs by more than 100,000 people, exceeding the 74,000 job cuts implemented by General Motors (GM) in the United States in 1991. According to German local media outlet Der Spiegel on the 10th, Volkswagen Group CEO Oliver Blume recently reported to the board of directors a plan to cut a total of 100,000 jobs and close four additional German factories. Built also reported that the scale of job cuts could reach up to 120,000. The offensive of Chinese cars and the chronic high cost structure of German manufacturing are cited as reasons why Volkswagen, the pride of German manufacturing, is facing a large-scale restructuring. Volkswagen, which was highly dependent on the Chinese market, was pushed out by Chinese cars, and its operating profit last year was 8.9 billion euros (about 15.3767 trillion won), down 53.4% ​​from 19.1 billion euros (about 32.9994 trillion won) the year before. Operating profit was cut in half due to the Chinese offensive... Discussing production reduction Volkswagen, along with Toyota (1st) and Hyundai Motor Group (3rd), will cut 100,000 jobs.