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Volkswagen approves plan to lay off another 50 thousand workersPhoto by M C on Pexels
Business

Volkswagen approves plan to lay off another 50 thousand workers

Público4 September 2026 at 09:43

The Volkswagen Supervisory Board approved a plan to lay off another 50 thousand workers. This decision comes in a context of financial difficulties and restructuring of the company.

The Supervisory Board is composed in equal parts by worker representatives and shareholders, which reflects the company's governance structure.

The board recognizes the existence of excess capacity of 500 thousand vehicles in Europe, which justifies the need to reduce operational costs and adjust production to current market demand.

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