Volkswagen Board Approves Cutting 50,000 More Jobs and Closing 4 Plants
- Posted on September 3, 2026
- By Google News
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- 1 min read
In brief
Volkswagen's board has greenlit a comprehensive restructuring strategy targeting workforce reduction and operational streamlining. The German automotive giant plans to eliminate 50,000 additional positions beyond previously announced cuts, bringing total job losses to 100,000. The company will also discontinue production at four domestic manufacturing facilities and reduce its vehicle portfolio by approximately 50%. This major transformation reflects Volkswagen's effort to enhance competitiveness in the evolving electric vehicle market and improve financial efficiency.
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Volkswagen Board Approves Cutting 50,000 More Jobs and Closing 4 Plants
FRANKFURT, Germany (AP) — Volkswagen’s board of directors on Thursday approved a sweeping cost-cutting plan that would cut 50,000 jobs, slim the company's model line by half and end auto production at four German plants. Including 50,000 job losses previously agreed, the company would lose 100,000 ...
