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Volkswagen job cuts and profit warning trigger shares plunge

By Drooid · Sep 21, 2026, 3:20 PM UTC · How we work

Summary

Volkswagen Shares Plunge

Volkswagen shares fell 5.6% after cutting its 2026 operating return target to 1%.
Porsche and Porsche SE stocks fell 3.3% and 4.9% that day.
Volkswagen was removed from the Euro Stoxx 50 index following the profit warning.
The company booked roughly €10 bn in charges, including €6 bn for Porsche impairments and €2 bn for early-retirement and Osnabrück plant divestiture.
CFO Arno Antlitz warned China’s auto market shrank 20% in an internal memo.

Summary

Volkswagen Cuts 100k Jobs

IG Metall organized nationwide protests by tens of thousands of automotive workers at over 280 sites on September 21, 2026.
Volkswagen announced plans to cut 100,000 jobs by the end of the decade, the largest global automotive restructuring.
Mercedes-Benz and BMW also disclosed headcount reductions amid the industry crisis.
Finance Minister Lars Klingbeil said he will press the EU to protect carmakers from Chinese competition.

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Volkswagen Shares Plunge

Volkswagen shares fell 5.6% after cutting its 2026 operating return target to 1%.
Porsche and Porsche SE stocks fell 3.3% and 4.9% that day.
Volkswagen was removed from the Euro Stoxx 50 index following the profit warning.
The company booked roughly €10 bn in charges, including €6 bn for Porsche impairments and €2 bn for early-retirement and Osnabrück plant divestiture.
CFO Arno Antlitz warned China’s auto market shrank 20% in an internal memo.

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