Volkswagen eyes 100,000 job cuts and 4 plant closures – report

Volkswagen is assessing the closure of 4 factories in Germany and cuts of as many as 100,000 jobs, in what would quantity to the “greatest” restructuring within the international automotive business.

Reuters, citing unnamed sources, mentioned members of the supervisory board had been briefed on the proposals forward of a proper dialogue scheduled for 9 July.

The websites beneath assessment are in Hanover, Zwickau, Emden and Audi’s plant in Neckarsulm.

Collectively, these places make use of greater than 45,000 staff.

The potential reductions would add to 50,000 job cuts already deliberate, taking the general complete to as many as 100,000.

That determine could be bigger than Basic Motors’ restructuring throughout its 2009 chapter, when the US carmaker reduce as much as 74,000 jobs and closed or suspended 21 websites over 4 years.

Chief government Oliver Blume offered the proposals to senior administration final week.

Supervisor Magazin first reported the plans.

In its report, Supervisor Magazin mentioned the group can also be contemplating a reduce of about 15% in capital expenditure, taking it to only over €130bn ($148.30bn) throughout 5 years.

The publication additionally reported that Blume and chief monetary officer Arno Antlitz are inspecting a spin-off of the core VW model and components operations into standalone companies.

An organization spokesperson declined to remark to Reuters on “confidential paperwork” and mentioned: “The whole group, together with its manufacturers and subsidiaries, should bear far-reaching change”.

Labour representatives reacted shortly, in keeping with the report.

Works council members and commerce union IG Metall mentioned in a joint assertion: “Ought to such plans go forward, we might do every thing in our energy to forestall them”.

In line with the report, the premier of Decrease Saxony, Volkswagen’s second-largest shareholder, additionally indicated opposition.

The proposals observe continued aggressive stress.

Volkswagen, which had been the main overseas model in China, was handed by BYD in 2024 and moved into third place the subsequent 12 months.

An earlier effort by Blume in 2024 to shut German vegetation led to industrial motion and a prolonged dispute with IG Metall earlier than Volkswagen withdrew the plan.

Volkswagen had 667,164 staff worldwide in its 2025 monetary 12 months, with almost 43% of them in Germany.

“Volkswagen eyes 100,000 job cuts and 4 plant closures – report” was initially created and revealed by Simply Auto, a GlobalData owned model.