By Maja Kunert
Published on
26/06/2026 - 10:40 GMT+2
Volkswagen, the carmaker based in Wolfsburg, is bracing for an unprecedented upheaval. According to a report in manager magazin citing insiders, chief executive Oliver Blume is planning to cut up to 100,000 of the group’s roughly 657,000 jobs worldwide. That would mean doubling the previous job-cut target: only a few months ago VW announced plans to shed around 50,000 jobs by 2030 – a move that was already seen at the time as historic in its scale.
Blume is said to have already presented the board with a corresponding restructuring plan. According to a second insider, the key document deliberately contains no specific figure in order to leave room for further fine-tuning.
