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48 new news items in the last 24 hours
  1. Home
  2. Economy

Volkswagen is preparing for up to 100,000 layoffs and is reducing investments by 15% over the next five years.

Raluca Ioana Draghici
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26 June 2026, 11:01
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Oliver Blume, the CEO of Volkswagen AG, announced plans to lay off up to 100,000 employees from the company's global workforce, according to information published by the German magazine Manager Magazin. Additionally, Volkswagen will reduce investments by 15%, reaching just over 130 billion euros in the next five years.


Blume and CFO Arno Antlitz intend to completely restructure the company, splitting the main VW brand and component production units into separate entities. In the medium term, the closure of some production facilities in Germany is anticipated, including those in Hanover, Zwickau, and Emden, as well as the Audi factory in Neckarsulm.


Volkswagen expects a continuation of the weakness in the automotive market in China and a decline in the global market for new vehicles below 21 million units. However, the company's electric vehicle sales continue to grow, and Volkswagen considers itself well-positioned to face the challenges in the market.

Sources

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G4Media
Volkswagen vrea să renunţe la 100.000 de angajaţi în următorii ani
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Profit.ro
Peste 100.000 de posturi eliminate, 4 fabrici închise. Restructurări masive pregătite la Volkswagen
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Economica
Dezastru la Volkswagen. Fabrici închise, modele retrase, 100.000 de angajaţi concediaţi – presă Germania

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NEWS ON THE SAME TOPICS

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International
The CEO of Volkswagen announced a major reorganization of the group, including possible layoffs of up to 120,000 employees.
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The CEO of Volkswagen announced that the group could lay off 50,000 employees globally, in the context of rising costs and weak demand.
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Volkswagen AG will lay off 50,000 employees by 2030, according to CEO Oliver Blume
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Volkswagen is analyzing the elimination of up to 100,000 jobs
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Volkswagen announces the elimination of 50,000 jobs in Germany by 2030, with the possibility of increasing the number of layoffs by another 50,000 positions.
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Volkswagen will reduce its workforce by 19,000 employees in Germany by the end of the year, as part of a streamlining strategy.
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Volkswagen Redundancies investments employees car market

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