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134 new news items in the last 24 hours
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  2. 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.

Lara Maior
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27 June 2026, 06:14
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International
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Volkswagen, based in Wolfsburg, has announced its intention to eliminate 50,000 jobs in Germany by the end of 2030 and to reduce annual production by 500,000 vehicles. According to the publication Manager Magazin, cited by the Financial Times, the new restructuring plan could add another 50,000 positions to the layoff list. These measures were decided after the sale of the marine engine division Everllence to the American fund Bain, a transaction that will bring Volkswagen approximately 7.4 billion euros. CEO Oliver Blume also proposes simplifying the group's structure and focusing on the core business in the automotive industry, while also considering the sale of other assets to obtain liquidity. In the context of increased competition from Chinese car manufacturers, Volkswagen has declined to comment on the information regarding layoffs, with details of the plan to be presented to the Supervisory Board on July 9.

Sources

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Mediafax
Volkswagen pregătește un nou val de concedieri: 100.000 de posturi vizate
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Digi24
Disponibilizări masive la Vokswagen: până la 100.000 de angajați și-ar putea pierde locul de muncă. Ce spune compania
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Stirile ProTV
Restructurare uriașă la un gigant auto european. 100.000 de posturi și patru fabrici dintr-o singură țară, în pericol
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independent.co.uk
Volkswagen 'to cut 100,000 jobs amid challenging market conditions'

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