Volkswagen chief confirms plan to cut 50,000 more jobs
- Posted on July 13, 2026
- By Financial Times
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- 1 min read
Volkswagen's leadership faces mounting pressure as the company pursues an aggressive workforce reduction strategy targeting 50,000 additional job cuts. Although the supervisory board couldn't reach consensus on the initial restructuring proposal, negotiations remain active. This significant cost-cutting initiative reflects the automotive industry's broader challenges amid electric vehicle transition and market competition, signaling potential substantial workforce reshuffling across the German multinational.
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