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Volkswagen approves plan to cut another 50 thousand jobs in major restructuringPhoto by M C on Pexels
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Volkswagen approves plan to cut another 50 thousand jobs in major restructuring

oglobo3 September 2026 at 20:56

Volkswagen approved a broad restructuring plan that includes cutting more than 50 thousand jobs, raising to 100 thousand the total expected layoffs. The automaker's supervisory board unanimously approved the so-called Future Plan during a meeting held in Wolfsburg. The company also announced it will reduce its portfolio of stakes and decrease its model lineup by approximately 50% by 2035.

The plan gives CEO Oliver Blume a stronger mandate to carry out the changes that the management board and supervisory board consider essential for the company's future. The reformulation had been underway for months, facing internal resistance before finally being approved.

The restructuring is taking place because Volkswagen faces difficulties and needs to improve its efficiency and competitiveness. The automaker seeks to simplify its product lineup as part of this broad reformulation led by Blume.

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