< Back to all clusters
[BUSINESS] · Germany, Czechia, Spain, Austria · 100 sources

started · updated

Volkswagen plans major restructuring, targeting up to 120,000 job cuts and halving model range

Volkswagen chief executive Oliver Blume announced a sweeping cost‑cutting programme. The group will lower its annual production capacity to about nine million vehicles by 2030, cut the number of models by up to 50 % and may eliminate as many as 120 000 jobs worldwide. Around 40 000 workers at the German plants in Zwickau, Emden, Hannover and Neckarsulm are directly at risk. Blume said there are “intelligent solutions … than shutting factories” and praised a 20 % reduction in German factory costs as “a strong progress”. He added that the worldwide environment has “never been so demanding and risky” because of geopolitical tensions, trade barriers and intense competition, especially from Chinese electric‑vehicle makers.

The plan has already led to the cancellation of 50 000 positions and the review of many model variants, while the new ID. Polo electric entry‑level family has sold over 50 000 units in its first four weeks. Unions and regional politicians in Germany have resisted further cuts, and the German works council has voted against parts of the proposal. The restructuring also affects suppliers in the Czech Republic and threatens the future of the Landaben plant in Spain, where more than 4 500 workers could be impacted. Volkswagen’s aim is to preserve the German industrial base by finding alternative uses for under‑used capacity, including possible collaborations with Chinese manufacturers.

Sources

2 months ago
2 months ago
Nagy bajban a Volkswagen [piacesprofit.hu]
2 months ago
2 months ago
2 months ago
2 months ago
2 months ago
2 months ago
2 months ago