Volkswagen board approves plan to cut another 50,000 jobs
The group - which includes Audi, Porsche, Skoda as well as the VW brand - plans to cut a total of 100,000 by 2030.
The board of German automaker Volkswagen has decided to eliminate an additional 50,000 positions as part of a major restructuring initiative, raising the total number of jobs to be cut by the company by 2030 to 100,000. This decision underscores the firm's commitment to addressing its workforce challenges, according to chief executive Oliver Blume.
Blume emphasized that the move is a "strong signal" for Volkswagen's future and reflects the company's responsibility towards its entire workforce. The company's decline in profits, attributed to falling sales and intense competition, particularly from Chinese brands, has necessitated the additional cuts, Blume stated in July. To cut costs, Volkswagen plans to prioritize the most compelling vehicles and produce more of each model.
The restructuring, marking the company's largest in almost nine decades, is essential to safeguard its competitiveness amid shifting demand and technological advancements. Christianne Benner, president of Europe's largest industrial union IG Metall and deputy chair of VW's Supervisory Board, acknowledged that the carmaker has worked diligently to find solutions to the crisis situation. As of 2025, Volkswagen employed over 660,000 people globally.
Written by urgent.news from BBC Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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