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Volkswagen prepares to cut 50,000 jobs and half of its models to reduce costsPhoto by Lilly Grace on Pexels
Business

Volkswagen prepares to cut 50,000 jobs and half of its models to reduce costs

CNN Portugal4 September 2026 at 06:31

Volkswagen is preparing a cost reduction plan that includes cutting 50,000 jobs and eliminating half of its models. This decision comes in a context of need for restructuring and increasing the company's operational efficiency.

The German automobile manufacturer markets several premium brands in addition to Volkswagen, including Audi, Porsche, and Lamborghini. This brand diversification has been a central characteristic of the group's strategy in recent years.

The plan to cut models and jobs is part of a broader effort to significantly reduce operational costs. The elimination of half of the model range aims to simplify production and concentrate resources on the most profitable vehicles.

This announcement represents one of the biggest restructurings in the recent history of the European automobile industry, affecting thousands of workers and marking a deep strategic shift in the way Volkswagen operates and markets its products.

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