Volkswagen says it will cut 100,000 jobs by end of decade

AFP

3 Sep, 2026 07:53 PMQuick Read

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Volkswagen is to cut a further 50,000 jobs by the end of the decade, bringing total job losses to 100,000. Photo / Ronny Hartmann, AFP

German car giant Volkswagen has said that management and unions had agreed to cut a further 50,000 jobs by the end of the decade, bringing total job losses to 100,000.

“It is essential to systematically align workforce levels with economic realities,” the 10-brand group said in a statement.

The firm
had approved a plan which involved “the reduction of around 50,000 jobs” on top of the 50,000 already agreed, it added.

Hit by US tariffs, patchy demand for electric cars and, above all, fierce competition in and from China, Europe’s largest carmaker is in trouble.

The firm, which apart from its namesake also includes brands like Audi and Porsche, had already agreed to cut about 50,000 jobs worldwide.