Volkswagen board approves plan to cut another 50,000 jobs

The group - which includes Audi, Porsche, Skoda as well as the VW brand - plans to cut a total of 100,000 posts by 2030. The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of the biggest restructuring in the group's almost nine-decade history. It brings the total number of roles the carmaker plans to shed by 2030 to 100,000, after announcing in March that it would cut 50,000 roles [1].

Sources

1. bbc.co.uk · Volkswagen board approves plan to cut another 50,000 jobs Sep 4, 2026
2. bloomberg.com · Lutnick to Review Pentagon Deals Involving Cerberus Companies Sep 4, 2026
3. bloomberg.com · European Stocks Muted Before US Data; VW Soars on Restructuring Sep 4, 2026
4. cnbc.com · Carney claps back at Lutnick, says Canada will resume trade talks 'when the Americans are ready' Sep 3, 2026
5. axios.com · Top Pentagon official reaffirms Anthropic blacklist despite Lutnick comments Sep 3, 2026
6. abc13.com · President Trump excuses Commerce Secretary Howard Lutnick for saying there have been no US deaths in Iran war Sep 3, 2026

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