Volkswagen eyes 100,000 job cuts and four plant closures – report

Volkswagen is assessing the closure of 4 factories successful Germany and cuts of arsenic galore arsenic 100,000 jobs, successful what would magnitude to the "biggest" restructuring successful the planetary automotive industry.

Reuters, citing unnamed sources, said members of the supervisory committee had been briefed connected the proposals up of a ceremonial treatment scheduled for 9 July.

The sites nether reappraisal are successful Hanover, Zwickau, Emden and Audi's works successful Neckarsulm.

Together, those locations employment much than 45,000 workers.

The imaginable reductions would adhd to 50,000 occupation cuts already planned, taking the wide full to arsenic galore arsenic 100,000.

That fig would beryllium larger than General Motors' restructuring during its 2009 bankruptcy, erstwhile the US carmaker chopped up to 74,000 jobs and closed oregon suspended 21 sites implicit 4 years.

Chief enforcement Oliver Blume presented the proposals to elder absorption past week.

Manager Magazin archetypal reported the plans.

In its report, Manager Magazin said the radical is besides considering a chopped of astir 15% successful superior expenditure, taking it to conscionable implicit €130bn ($148.30bn) crossed 5 years.

The work besides reported that Blume and main fiscal serviceman Arno Antlitz are examining a spin-off of the halfway VW marque and parts operations into standalone businesses.

A institution spokesperson declined to remark to Reuters connected "confidential documents" and said: "The full group, including its brands and subsidiaries, indispensable acquisition far-reaching change".

Labour representatives reacted quickly, according to the report.

Works assembly members and commercialized national IG Metall said successful a associated statement: "Should specified plans spell ahead, we would bash everything successful our powerfulness to forestall them".

According to the report, the premier of Lower Saxony, Volkswagen's second-largest shareholder, besides indicated opposition.

The proposals travel continued competitory pressure.

Volkswagen, which had been the starring overseas marque successful China, was passed by BYD successful 2024 and moved into 3rd spot the adjacent year.

An earlier effort by Blume successful 2024 to adjacent German plants led to concern enactment and a lengthy quality with IG Metall earlier Volkswagen withdrew the plan.

Volkswagen had 667,164 employees worldwide successful its 2025 fiscal year, with astir 43% of them successful Germany.

"Volkswagen eyes 100,000 occupation cuts and 4 works closures – report" was primitively created and published by Just Auto, a GlobalData owned brand.