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133 new news items in the last 24 hours
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  2. International

The CEO of Volkswagen announced a major reorganization of the group, including possible layoffs of up to 120,000 employees.

Matei Gaginsky
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10 July 2026, 14:49
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International
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Oliver Blume, the CEO of Volkswagen, reaffirmed on Friday the plans for the most extensive reorganization in the company's history, following protests generated by cost-cutting measures. Blume stated that the group will become more robust and competitive in a challenging global environment, taking responsibility for a sustainable future.


The company will implement a new target for 2030 and will intensify cost-cutting measures, with estimates of laying off up to 100,000 employees, according to sources. Four factories in Germany could be closed by 2034, but this information has not been officially confirmed.


Despite the challenges, CFO Arno Antlitz assured that Volkswagen will continue to invest in electric vehicles and software solutions, while maintaining the competitiveness of combustion engine vehicles at the same time. Sales decreased in the second quarter, especially in the Chinese market, and the group plans to reduce its model range by up to 50%.

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Financial Intelligence
Volkswagen se pregăteşte de “cea mai amplă reorganizare” din istoria grupului (Oliver Blume)
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Economica
Moment istoric pentru Volkswagen. Gigantul pregăteşte cea mai amplă reorganizare din istoria sa
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G4Media
Volkswagen se pregăteşte de "cea mai amplă reorganizare" din istoria grupului
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Agerpres
Volkswagen se pregătește de ''cea mai amplă reorganizare'' din istoria grupului (Oliver Blume)

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NEWS ON THE SAME TOPICS

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Economy
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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Economy
Volkswagen is preparing for up to 100,000 layoffs and is reducing investments by 15% over the next five years.
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Economy
Volkswagen AG will lay off 50,000 employees by 2030, according to CEO Oliver Blume
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International
Volkswagen is preparing to close four factories in Germany by 2034 and will reduce 50,000 jobs.
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International
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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International
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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