VW plans to cut up to 10,000 jobs and shut plants, report says

German firm reportedly considering doubling previously announced staff reductions amid Chinese competition Business live – latest updates Germany’s Volkswagen is to cut up to 100,000 jobs and reduce and eventually stop production at some plants, according to reports. The company has refused to comment on reports of a management presentation at a board meeting outlining dramatic cost cutting, but if it goes ahead it would mean Volkswagen doubling previously announced staff reductions. Conti...

By Lisa O’Carroll

Volkswagen plans to cut 15% of its workforce and close four German plants, report says

Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.

Volkswagen may cut 1 lakh jobs amid China competition, tariff pressure

Volkswagen is reportedly considering a massive overhaul, including closing four German factories and significantly increasing job cuts, potentially impacting up to 100,000 roles. This drastic move comes as the automaker faces intense competition from Chinese rivals, US tariffs, and declining European demand. The proposals, set for discussion soon, are expected to face strong opposition from unions and a key state shareholder, highlighting the immense pressure on the German giant.

By TOI BUSINESS DESK

Volkswagen plans up to 100,000 job cuts, considers closing four German factories

Volkswagen is contemplating the closure of four German factories and up to 100,000 job cuts due to intense competition from Chinese automakers.

Volkswagen is considering cutting up to 100,000 jobs and closing factories

The Volkswagen Group is considering cutting costs by 11 billion euros by the end of the decade and closing four plants in the medium term—unions are pushing back The post Volkswagen is considering cutting up to 100,000 jobs and closing factories appeared first on ProtoThema English.

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