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Volkswagen prepares to cut another 50 thousand jobs and reduce models by half by 2030Photo by Altamart on Pexels
BusinessFaro

Volkswagen prepares to cut another 50 thousand jobs and reduce models by half by 2030

SOL4 September 2026 at 12:28

Volkswagen announced plans to cut another 50 thousand positions, which will bring to 100 thousand the total jobs eliminated by 2030. This decision is part of a deep restructuring of the German group in response to the challenges it faces in the global automotive market.

The group also intends to halve the number of available models by 2030. This reduction in the vehicle portfolio aims to simplify production and reduce the company's operational costs.

The main reasons cited for these measures are the growing competition from Chinese manufacturers and the decline in sales of the brand. Volkswagen faces significant pressure from Asian competitors who have gained market share with electric vehicles at more competitive prices.

The restructuring plan represents one of the biggest transformations in Volkswagen's history, with the goal of making the company more competitive and financially sustainable in a rapidly changing market.

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