Volkswagen planning to cut up to 100,000 jobs globally

The group, which includes Porsche and Audi, has faced a steep fall in profits and tough competition from China.

Volkswagen chief confirms plan to cut 50,000 more jobs

Carmaker’s supervisory board failed to agree on proposed staff reduction proposals but talks set to continue

VW chief confirms plan to cut 50,000 jobs as board rejects plant closures

Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad support Business live – latest updates The chief executive of Volkswagen has confirmed plans to cut 50,000 more jobs despite the carmaker’s supervisory board rejecting his plan to shut four factories in Germany. Oliver Blume told staff on Monday that proposals for a sprawling restructuring was “the most comprehensive realignment in the company’s history” and revolved around “12 initiatives, a...

By Lisa O’Carroll

Volkswagen CEO's leaked memo confirms: Up to 100,000 jobs may go at Europe's biggest carmaker

Volkswagen CEO Oliver Blume has confirmed in an internal memo to employees that Europe's biggest car maker may cut up to 100,000 jobs, flagging 50,000 more layoffs on top of the 50,000 already agreed. Blume cited a 20% cost disadvantage against rivals and said VW cannot confirm competitive use cases for its Emden, Hanover, Zwickau and Neckarsulm plants. The memo follows worker protests across 18 German sites.

By TOI TECH DESK

Volkswagen may need to cut 50,000 more jobs, CEO confirms

Volkswagen may need to eliminate about 50,000 additional jobs to match the competitiveness of its rivals, its CEO told employees in an internal memo, effectively confirming for the...