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Germany: Volkswagen cuts 100,000 jobs in the largest restructuring in the sectorPhoto by Jordan Vilas on Pexels
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Germany: Volkswagen cuts 100,000 jobs in the largest restructuring in the sector

Euronews Portugal4 September 2026 at 07:04

The German car manufacturer Volkswagen announced an agreement between management and unions to cut more than 50,000 jobs by the end of the decade. This cut brings total job losses to 100,000, representing the largest restructuring of the automotive sector. The announcement marks a significant moment in the history of the company and the European automotive industry. Volkswagen faces challenges related to the transition to electric vehicles and increasing competition in the global market.

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