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2026
Volkswagen plans job cuts affecting up to 140,000 workers, union warns
Volkswagen AG labor representatives warned that the carmaker's planned restructuring cuts could eventually affect as many as 140,000 jobs, while management has outlined cuts that could eliminate as many as 100,000 positions. CEO Oliver Blume and VW brand chief Thomas Schäfer are due to present cutback plans at the main Wolfsburg factory on Tuesday, with unions warning of possible strikes.
2026
Volkswagen presents restructuring and job-cut plans to workers in Germany
Volkswagen AG management, led by CEO Oliver Blume and VW brand chief Thomas Schäfer, presented cutback plans at the company's main Wolfsburg factory on Tuesday, the first of a series of townhall gatherings across Germany. Labor representatives warned the planned cuts could eventually affect as many as 140,000 jobs, while management has outlined cuts that could eliminate as many as 100,000 positions.