Why Is Volkswagen Planning 100,000 Job Cuts

Volkswagen is reportedly preparing to eliminate around 100,000 jobs and shut four manufacturing plants in Germany as part of its biggest restructuring effort in nearly nine decades, according to a report by Manager Magazin.

Volkswagen is also expected to trim planned investment by about 15%, lowering spending to just over €130 billion over the next five years.

According to the report, production could end at plants in Hanover, Zwickau and Emden, along with Audi's facility in Neckarsulm. The reported cuts would significantly exceed the company's earlier target of eliminating around 50,000 German jobs by 2030.

Volkswagen declined to comment on what it described as confidential internal documents but acknowledged the entire group must undergo significant change. Unions and the General Works Council vowed to resist any large-scale layoffs or factory closures.

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Volkswagen is looking to cut 100,000 additional job cuts and may shutter factories in a push to make Europe's biggest automaker more competitive. Bloomberg's Elisabeth Behrmann explains https://t.co/E3J8Cj5BFT pic.twitter.com/A4jdOJv2bL

— Bloomberg (@business) June 26, 2026

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