Volkswagen AG plans to cut 1 lakh jobs and potentially close factories as CEO Oliver Blume aims to enhance competitiveness in Europe's largest automaker.
The company currently employs around 657,000 people globally
Jun 26, 2026
05:46 pm
What's the storyVolkswagen AG, the parent company of Porsche and Audi, is planning a major restructuring.
According to Manager Magazin, CEO Oliver Blume has proposed plans to cut as many as 100,000 jobs and close several factories in a bid to make Europe's largest automaker more competitive.
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Volkswagen to cut up to 100,000 jobs
Volkswagen reportedly planning to axe 100,000 jobs | CNN Business
Volkswagen reportedly plans 100,000 job cuts
Volkswagen plans up to 100,000 job cuts, considers closing four German factories
Volkswagen weighs up to 100,000 job cuts and four plant closures in massive restructuring push
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Volkswagen is reportedly preparing for the most radical restructuring in its history. Up to 100,000 jobs could go worldwide,…
A new report from Germany’s Manager Magazin says CEO Oliver Blume has already presented his plans to the company’s board.
BERLIN — Volkswagen CEO Oliver Blume aims to cut up to 100,000 jobs from the current workforce worldwide over the next few years…
Volkswagen, one of the world’s largest automakers, is reportedly planning to axe as many as 100,000 jobs over the next few years,…
Volkswagen reportedly plans to cut 100,000 jobs, about 15% of its workforce, and close German plants, in the biggest overhaul in…
