Volkswagen board approves plan to cut 100,000 jobs
The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of a sweeping turnaround programme. It brings the total number of roles the company plans to shed by 2030 to 100,000.
TL;DR
- Volkswagen's board approved an additional 50,000 job cuts.
- This brings the total planned job losses by 2030 to 100,000.
- The cuts are part of a turnaround program to improve competitiveness.
- Reasons for the cuts include falling profits, declining sales, and competition.
- The program affects all brands within the Volkswagen Group, including Audi, Porsche, and Skoda.
- Volkswagen employed over 660,000 people worldwide as of 2025.