Volkswagen to cut 100,000 jobs by end of decade
Volkswagen says it will eliminate 100,000 jobs by the end of the decade, including 50,000 additional cuts on top of those already agreed. The reductions equal about 15% of its global workforce. The automaker also plans restructuring and major research investment, while warning that the futures of four German plants cannot be guaranteed.
DDWOriginal★★★☆☆2026-09-04 00:06
- Volkswagen board approves turnaround plan with 50,000 more job cuts
Volkswagen’s supervisory board approved a transformation plan on Thursday that includes cutting another 50,000 jobs as the group seeks to counter painful tariffs, excess capacity and aggressive Chinese rivals.
- Main points of Volkswagen’s restructuring plan
Volkswagen AG’s supervisory board approved a comprehensive restructuring program called “Future Plan 2030.” The company said the plan is essential to restoring competitiveness and securing the group’s future.
- Volkswagen targets 9% operating margin by 2030
Volkswagen said on Thursday that it is targeting a 9% operating margin by 2030, up from 3.8% in the first half of 2026. The goal is part of a sweeping turnaround plan approved by the group’s supervisory board late Thursday.
Volkswagen confirms it will cut 100,000 jobs by 2030Volkswagen has approved plans to eliminate a further 50,000 jobs by 2030, bringing expected cuts to 100,000, or about 15% of its workforce. The German carmaker will halve its model range, while the future of four plants in Germany cannot be guaranteed into the 2030s, amid Chinese competition, weaker China sales and US tariffs.
