Volkswagen to cut 100,000 jobs by end of decade
Volkswagen has announced plans to cut 100,000 jobs by the end of the decade, representing the largest restructuring in the company's history. The move is driven by intense global competition, high costs, and a sluggish transition to electric vehicles.
Why it matters
As a major global automaker, Volkswagen's struggles reflect broader economic challenges facing the European manufacturing sector.
The company will carry out the biggest job cuts ever seen in the industry. Volkswagen also plans to restructure and invest in research.
https://p.dw.com/p/5L2U7 Volkswagen's Zwickau plant is expected to be affected by the cuts [FILE: June 2026] Image: Hendrik Schmidt/dpa/picture alliance Advertisement German automobile giant Volkswagen announced on Thursday that it would be cutting a total of 100,000 jobs by the end of the decade in what is set to be the biggest restructuring ever seen in the global car industry.
The company said that management and trade unions had approved a plan involving the reduction of a further 50,000 jobs, in addition to 50,000 redundancies already agreed.
"It is essential to systematically align workforce levels with economic realities," read a statement from the multi-brand Volkswagen group which, apart from VW itself, also includes Audi and Porsche.
Also covering this story
4 other newsrooms covered this event. We read each version separately.
Volkswagen confirms it will cut 100,000 jobs by 2030
Volkswagen says cutting 100,000 jobs by end of decade
Volkswagen board approves plan to cut 100,000 jobs
VW Approves Plan to Cut 50,000 More Jobs in Broad Overhaul - Bloomberg.com
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