# Volkswagen earmarks €16 bln for job cuts, plant closures, source says

https://mins.news/en/item/53149

- Reuters, 2026-09-10 14:00 UTC
- Economy
- Original: https://www.reuters.com/business/world-at-work/volkswagen-braces-16-billion-costs-cutbacks-possible-factory-closures-source-2026-09-10/?link_source=ta_bluesky_link&taid=6aa2b80d51db2900010ed604

> Volkswagen estimates that job cuts and possible plant closures under a landmark restructuring agreement reached last week will cost about €16 billion ($18.6 billion), according to a person familiar with the matter.

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