Volkswagen Approves Major Restructuring Plan to Cut 100,000 Jobs

Volkswagen board approves plan to cut 100,000 jobs

The group - which includes Audi, Porsche, Skoda as well as the VW brand - said in March that it would cut 50,000 roles.

Volkswagen Plans to Cut 50,000 Jobs

Facing growing competition from China and rapidly advancing technology, the German auto giant said Thursday its board had approved a “comprehensive” restructuring.

By James Paton

Volkswagen plans to cut 100,000 jobs by end of decade

The total cuts will be the largest restructuring ever carried out in the global automotive industry, amounting to about 15% of the carmaker's staff worldwide.

Volkswagen confirms it will cut 100,000 jobs by 2030

Under-pressure carmaker will shed 15% of workforce and halve its product line in sector’s biggest ever restructure The car company Volkswagen has confirmed that it will shed 100,000 jobs by the end of the decade after being hit by US tariffs and fierce competition from Chinese rivals. The German manufacturer said management and unions had agreed as part of a sweeping cost-cutting plan to cut a further 50,000 positions by 2030, bringing total job losses in the pipeline to 100,000. Continue re...

By Patrick Daly

Volkswagen to slash half its vehicle lineup and 50,000 jobs in cost-cutting effort - CNN

Volkswagen to slash half its vehicle lineup and 50,000 jobs in cost-cutting effort  CNN

Volkswagen to cut 100,000 jobs by end of decade

The company will carry out the biggest job cuts ever seen in the industry. Volkswagen also plans to restructure and invest in research.

Volkswagen could cut 50,000 jobs as board approves turnaround plan

Company cites increasing competitive pressure, changing demand patterns and technological change as reasons for planned measures

Volkswagen to cut another 50,000 jobs to counter tariffs and Chinese competition

Volkswagen announced Thursday that it will cut another 50,000 jobs worldwide under its biggest restructuring in the company's 89-year history, as the German carmaker faces pressure from US tariffs, overcapacity and fierce competition from Chinese rivals. The plan also sets out the future of four German plants.

By FRANCE 24

Volkswagen Appoints Marianne Heiss to Supervisory Board Ahead of Key Vote - Morningstar

Volkswagen Appoints Marianne Heiss to Supervisory Board Ahead of Key Vote  Morningstar

Volkswagen plans 50,000 more job cuts amid biggest overhaul in its history

Volkswagen, the world's No. 2 automaker, is cutting back its workforce as it tries to fight Chinese automakers. Julian Stratenschulte/picture alliance via Getty Images Volkswagen is planning 50,000 job cuts in roughly three years. It comes as European automakers face stiff competition from low-cost Chinese automakers. High energy prices, complex vehicle portfolios, and US auto tariffs aren't helping, either. Volkswagen plans to cut roughly 50,000 more jobs worldwide. On Thursday, the compan...

Volkswagen board approves plan that could cut 50,000 jobs

Car giant Volkswagen says cutting 100,000 jobs by end of decade - The Straits Times

Car giant Volkswagen says cutting 100,000 jobs by end of decade  The Straits Times

Volkswagen Says Cutting 100,000 Jobs By End Of Decade

German car giant Volkswagen said Thursday that management and unions had agreed to cut a further 50,000 jobs by the end of the decade, bringing total job losses to 100,000.

Volkswagen expands restructuring drive with 50,000 additional job cuts

Volkswagen announces major restructuring: how will its suppliers be affected?

By Investing.com