Volkswagen plans to eliminate 100,000 jobs by 2030
Business · 3 September 2026
Written by AI from multiple news reports
Volkswagen has announced plans to cut 100,000 jobs worldwide by 2030. This is the biggest restructuring in the company's nearly 90-year history.
The German carmaker currently employs around 660,000 people globally. The cuts will affect not only the main VW brand but also Audi, Porsche, Skoda, and Seat. Four factories in Germany may close or reduce production.
Volkswagen is under pressure from cheaper Chinese electric vehicles and falling sales in important markets. The company also plans to reduce investment by about 15% over five years.