Volkswagen to cut 50,000 jobs in Germany: "Everyone has to participate"
The CEO of the German consortium, Oliver Blume, assures that the restructuring is necessary because fixed costs are 30% higher than those of its competitors.
Volkswagen Group CEO Oliver Blume has announced plans to cut around 50,000 jobs in its German operations by 2030 as part of a restructuring effort to regain profitability. The company aims to reduce its fixed costs, which are 30% higher than those of its competitors. A total of 100,000 job cuts are estimated over the coming years.
Blume described the plan as the largest transformation program in the company's history, urging all employees to participate. The move comes amid a decline in sales in China and high costs in Germany, with Volkswagen facing a cost disadvantage of around 30% compared to some competitors.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
