Volkswagen flags 50,000 job cuts across group as board approves turnaround planVolkswagen's supervisory board on Thursday approved a transformation plan that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity and aggressive Chinese rivals.
The plan, the most extensive restructuring in Volkswagen's 89-year history, includes exploring alternatives for four German plants that will eventually run out of models during the next decade.
The "Future Plan" comes as Volkswagen faces pressure from all sides, squeezed between U.S. import tariffs and a weak Chinese market, the world's biggest car market and once the group's cash cow.
Volkswagen said "a further fundamental adjustment of the global workforce capacity" was needed, saying this would include a reduction of around 50,000 positions worldwide — in addition to a 50,000-job reduction already under way.
The company did not provide further details on the timing of the workforce reduction or how the cuts would be distributed across its brands and regions.
https://www.reuters.com/business/autos-transportation/volkswagen-supervisory-board-approves-transformation-plan-2026-09-03/
