Volkswagen board approves cutting 50,000 more jobs

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Volkswagen board approves cutting 50,000 more jobs
Business

KBC | Kenya's Watching

Volkswagen's board has approved plans to cut another 50,000 jobs, bringing the group's total planned reductions to 100,000 by 2030 across brands including Audi, Porsche, Skoda and VW. The company said the move is needed to safeguard competitiveness after profits fell amid weaker sales in China and tougher competition from Chinese makers and US tariff impacts. VW also plans to halve the number of models by 2035 and cut product complexity by 75%, prioritise the most compelling vehicles, and assess alternative uses for four plants where capacity exceeds demand. As of 2025 VW employed more than 660,000 people worldwide.

Volkswagen will cut 100,000 roles across the group by 2030.

Context

VW announced in March that it would cut 50,000 roles by the end of the decade. Profits fell after weaker sales in China and tariffs hurt US demand. Next the company will review plant uses and reduce its model range.

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