Volkswagen says cutting 100,000 jobs by end of decade

German automotive big Volkswagen mentioned on Thursday (September 3, 2026) that administration and unions had agreed to chop an additional 50,000 jobs by the top of the last decade, bringing whole job losses to 100,000.

“It’s important to systematically align workforce ranges with financial realities,” the 10-brand group mentioned in a press release.

The agency had authorised a plan which concerned “the discount of round 50,000 jobs”, on high of one other 50,000 already agreed, it added.

Hit by U.S. tariffs, patchy demand for electrical automobiles and above all fierce competitors in and from China, Europe’s largest carmaker is in bother.

The agency, which other than its namesake additionally consists of manufacturers akin to Audi and Porsche, had already agreed to chop about 50,000 jobs worldwide.

The overall 100,000 cuts would be the largest restructuring ever carried out within the international automotive trade, amounting to about 15% of the carmaker’s workers worldwide.

Volkswagen additional mentioned that each administration and unions agreed that the way forward for 4 German vegetation — in Hannover, Emden, Zwickau and Neckarsulm — couldn’t be assured into the 2030s.

The vegetation closing would mark the primary time Volkswagen had shuttered full-scale factories in its residence nation.

The adoption of the plans by Volkswagen’s supervisory board, made up of each labour and shareholder representatives, marks progress in delicate negotiations between the 2 sides.

“The supervisory board has unanimously authorised the manager board’s future plan offered at present,” CEO Oliver Blume mentioned. “It is a robust sign for the way forward for the Volkswagen Group.”