Volkswagen may cut up to 1,00,000 jobs as CEO Oliver Blume signals deeper cost restructuring amid shrinking profits, Chinese competition, and excess manufacturing capacity.
Volkswagen's cost base is still much higher than its competitors
Jul 14, 2026
04:19 pm
What's the storyVolkswagen is planning to double its workforce reductions to 100,000 jobs, according to an internal message from CEO Oliver Blume.
While the German automotive giant, which spans VW, Audi, Porsche, SKODA and other brands—had previously decided to cut 50,000 positions in Germany by 2030, the latest plans significantly expands the scope of the layoffs.
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Volkswagen confirms weighing up to 50,000 more job cuts - Latest News
Volkswagen's CEO has signaled the possibility of 50,000 more job cuts to address a 20% cost disadvantage and align with…
Volkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally…
Volkswagen AG plans to cut 1 lakh jobs and potentially close factories as CEO Oliver Blume aims to enhance competitiveness in…
BERLIN — Volkswagen CEO Oliver Blume aims to cut up to 100,000 jobs from the current workforce worldwide over the next few years…
A new report from Germany’s Manager Magazin says CEO Oliver Blume has already presented his plans to the company’s board.
"... must undergo profound change"
