Volkswagen Plans Job Cuts

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OBBM Network Editorial Staff

June 26, 2026

Volkswagen CEO Oliver Blume plans to cut up to 100,000 jobs from the company’s current workforce worldwide over the next few years, according to a report by Manager Magazin.

The company also intends to reduce investment by around 15% to just over €130 billion ($148 billion) over the next five years. Blume and CFO Arno Antlitz aim to completely restructure the company, the business magazine added, citing sources.

Volkswagen’s namesake core VW brand and the parts-manufacturing plants would be spun off from the current group structure and incorporated into separate entities, the report said. The company plans to close its production facilities in Hanover, Zwickau, and Emden, as well as a plant of sister brand Audi in Neckarsulm, all located in Germany.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

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Be The Voice Of Your Community

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Local News Is a Public Good

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