A Volkswagen car delivery tower at the German carmaker's plant in Wolfsburg, Germany, on Nov 21, 2025. (Photo: Reuters)
BERLIN — Volkswagen CEO Oliver Blume aims to cut up to 100,000 jobs from the current workforce worldwide over the next few years and discontinue production at four of the group's German plants, Manager Magazin reported on Friday.The magazine also said Blume intends to reduce investment by around 15% to just over €130 billion (US$148 billion) over the next five years.
A Volkswagen spokesperson said the company would not comment on confidential documents. "The relevant facts of the matter will be discussed and approved by the relevant bodies. We will not pre-empt this process," he said in an emailed statement.
"The entire group, including its brands and subsidiaries, must undergo far-reaching change," the spokesperson said.
Manager Magazin said Blume and the group's CFO, Arno Antlitz, aim to completely restructure the company, citing sources.
