The Volkswagen Group must cut more than 50,000 jobs worldwide. The aim is to reduce costs, at a time when the company faces several challenges and difficulties.
© Lusa
13/07/2026
by
Lusa
Frankfurt, Germany, 13 Jul 2026 (Lusa) – The executive president (CEO) of the Volkswagen group, Oliver Blume, considered that the company should cut 50,000 more jobs, doubling the number previously announced, to reduce global business costs.
In an internal statement, to which the weekly magazine Spiegel had access, Blume stressed that this cut in jobs will be necessary to “reduce administrative, infrastructure and support costs to the main activity to a competitive level”.
In the Volkswagen group, these costs are 20 percent higher than the average of comparable companies in the sector, Blume added, as the German magazine reported today.
“ A theoretical estimate, without change in labour costs, would point to a adjustment of around 50,000 jobs worldwide“, added the CEO.
These 50,000 jobs will be added to the cut of 50,000 jobs that Volkswagen had already announced for Germany by 2030, of which 35,000 are in the main brand and others in brands such as Porsche and Audi.
The group, which employs about 660,000 people worldwide, announced on thursday that will reduce production capacity to nine million vehicles per year, to adapt to the global market situation and to increased competition.
Despite the announcement, Volkswagen did not provide details on job reductions or factory closures.
Last month, the magazine Manager Magazin estimated cuts of up to 100,000 jobs worldwide and the closure of four factories in Germany.
Strong profit break
In the first quarter of the year, Volkswagen recorded a net attributable profit of EUR 1,290 million, less 29 percent than in the same period of the previous year due to the fall in sales in China and the United States of America.