Volkswagen's supervisory board approved the "Future Plan 2030" restructuring on September 4, 2026, calling for 50,000 additional job cuts worldwide by decade's end, on top of 50,000 previously planned cuts, along with fewer models and a smaller industrial footprint.
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Volkswagen’s supervisory board approved the “Future Plan 2030,” a restructuring that calls for about 50,000 additional job cuts worldwide by the end of the decade, on top of 50,000 previously planned reductions [bbc.co.uk#1][investing.com#1][ft.com#1][theguardian.com#2][euronews.com#1]. The latest plan would take total planned reductions to about 100,000 roles, or roughly 15% of the group’s global
Volkswagen's supervisory board backed a restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint. The new staff cuts represent about 8% of VW’s global workforce as of the end of last year. Bloomberg's Danny Lee reports. (Source: Bloomberg)