VW will reportedly double the planned layoffs to 100,000 employees.
It may also close four factories, including an Audi plant.
The VW core brand could be separated from the VW Group.
Volkswagen has already announced plans to eliminate 50,000 jobs in Germany across the core VW brand, Audi, Porsche, and its software subsidiary, CARIAD, by the end of the decade. However, according to a new report, the cost-cutting plan is far more drastic. The number of layoffs could double to 100,000, although it's unclear whether all the cuts would occur by 2030 or continue into the next decade. VW has job security agreements in place until 2030, while Audi's remain in effect through the end of 2033.
As if that weren't bad enough, the report published by Manager Magazin alleges VW plans to shutter no fewer than four factories: Zwickau, Emden, Hanover, and Neckarsulm. The company would reportedly close the plants once production of their current models ends. The Zwickau site builds the ID.3, ID.4, and the likely-to-be-discontinued ID.5 for Volkswagen, along with the Audi Q4 E-Tron, Q4 Sportback E-Tron, and the Cupra Born.
