Volkswagen has approved plans to eliminate around 50,000 more jobs, taking its total planned workforce reduction to 100,000 by the end of the decade. The cuts, nearly 15 percent of its global workforce, come as the automaker faces tariffs, weak EV demand and Chinese competition. Four German plants also face an uncertain future.
Volkswagen's management and labour representatives have signed off on a fresh round of layoffs that will take the automaker's total workforce reduction to 100,000 positions by the end of the decade, marking the largest restructuring drive in the global car industry's history.
50,000 more jobs on the chopping block
The German carmaker confirmed that its supervisory board had cleared a plan to eliminate roughly 50,000 additional roles, stacking on top of 50,000 cuts that had already been settled earlier. Explaining the move, the 10-brand conglomerate, whose stable includes Audi and Porsche alongside its flagship marque, said it needed to bring staffing levels in line with prevailing economic conditions.
Europe's biggest automaker has been squeezed on multiple fronts - American tariffs, inconsistent appetite for its electric vehicle lineup, and intensifying rivalry from Chinese manufacturers both at home and in export markets.
-
Jaissle gives Dedic injury update and asks Newcastle pair to stay patient over limited game time
-
Michael Carrick singles out ‘fantastic’ Manchester United star after Sabah FK win: ‘He is a real joy’
-
Big houses, empty hearts: The loneliness behind digital lives
-
Hostel cleaner stabbed to death by cook in Gachibowli: Police
-
Resentment over early retirement behind arms theft in Bollarum
