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Volkswagen flags 50,000 job cuts across group as board approves turnaround plan

BERLIN/FRANKFURT/MEXICO CITY: Volkswagen'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.

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大众汽车宣布将在集团范围内裁员5万人,董事会已批准扭亏为盈计划

Oliver Blume, chief executive officer of Volkswagen AG, speaks at the Electrifying Europe launch in Martorell, Spain, on Wednesday, June 3, 2026. — Photographer: Angel Garcia/Bloomberg

BERLIN/FRANKFURT/MEXICO CITY: Volkswagen'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.

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