Volkswagen restructuring plan earmarks US8.6 billion for 50,000 added job cuts and four German plants under review; the read-through from Puebla to Brazil
GERMANY · AUTOS
Key Facts
—The price tag Volkswagen has earmarked €16 billion (about US$18.6 billion) for job cuts and plant restructuring, German media report.
—The plan The supervisory board approved the Future Plan 2030 on September 3: 50,000 additional job cuts, on top of 50,000 already under way.
—The footprint Four German plants — Emden, Hanover, Zwickau and Neckarsulm — lack follow-on production after 2031 to 2034. None closes immediately.
€10bn earmarked for global workforce reductions amid overcapacity concerns
Volkswagen’s board backs 50,000 additional job cuts, fewer models and a smaller industrial footprint as the carmaker targets a 9%…
Volkswagen considers cutting up to 100,000 jobs and closing four German plants as it battles declining profits, Chinese EV…
Volkswagen will cut 50,000 more jobs by 2030. Four German plants may lose car production after 2031, but no Latin American plant…
The supervisory board approved the Future Plan 2030, the biggest restructuring in the automaker's 89-year history, on Thursday
Volkswagen will cut up to 100,000 jobs and close four German plants in its largest restructuring ever, as Chinese EV competition…
