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Volkswagen Approves 50,000 More Job Cuts, Total 100,000

9/7/2026

3 1 Full Breakdown

Summary

Story summary

Volkswagen Group approved an additional 50,000 job cuts on September 3, 2026.
The cuts represent 8% of Volkswagen’s 630,000-strong global workforce.
Combined with earlier reductions, total cuts will reach about 100,000 positions.
Volkswagen’s 2030 Future Plan aims to halve model lines by 2035.
Volkswagen targets a 9% operating margin by 2030, up from 3.8%.

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Story summary

Volkswagen Group approved an additional 50,000 job cuts on September 3, 2026.
The cuts represent 8% of Volkswagen’s 630,000-strong global workforce.
Combined with earlier reductions, total cuts will reach about 100,000 positions.
Volkswagen’s 2030 Future Plan aims to halve model lines by 2035.
Volkswagen targets a 9% operating margin by 2030, up from 3.8%.