1,000 jobs affected: Districts: VW software subsidiary faces further job cuts
Around 1,000 jobs are to be cut at Cariad again. That's almost a quarter of the workforce. What's behind the austerity measures at the software subsidiary of Volkswagen?
VW's software subsidiary Cariad is set to cut around 1,000 jobs, affecting nearly a quarter of its 4,300 remaining employees. The company plans to negotiate with employee representatives and has reportedly terminated collective bargaining agreements. Cariad aims to maintain competitiveness by reducing investments by €6.1 billion from 2027 to 2031 and contributing €400 million to improving the operating result.
The job cuts are part of a broader strategy shift under VW CEO Oliver Blume, who has prioritized partnerships with external software providers over in-house development.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
