Blume said in July<\/a> that the firm was looking to make the additional cuts.<\/p>\nThe Beetle-maker has been hit by a drop in profits due to falling sales and fierce competition, especially from Chinese brands.<\/p>\n
The firm also said that by 2035 it would cut the number of models it produces by 50% and reduce the complexity of its offering by 75%.<\/p>\n
VW will also prioritise the “most compelling vehicles” and make more of each model, which will help lower costs, it said.<\/p>\n
A “fundamental adjustment of the global workforce capability is necessary” to safeguard the competitiveness of the company, which faces shifting demand and technological change.<\/p>\n
It added “a Group-wide workforce adjustment of approximately 50,000 positions – including management roles – will be necessary.”<\/p>\n
The company is also considering the future of its Emden, Zwickau, Hanover and Neckarsulm plants, where it has said production capacity exceeds demand.<\/p>\n
“Alternative uses for these plants are being assessed,” it said.<\/p>\n
The restructuring marks the biggest in VW’s almost nine-decade history.<\/p>\n
As of 2025, VW employed more than 660,000 people worldwide. Its brands also include Seat, Bentley and Lamborghini.<\/p>\n
Christianne Benner – the president of Europe’s largest industrial union IG Metall and deputy chair of VW’s Supervisory Board – said the carmaker had “fought hard for good solutions” to address a “crisis situation”.<\/p>\n
VW’s profits have fallen sharply in recent years, hit by falling sales in China, which was once one of its biggest markets.<\/p>\n
Sales have also fallen in the US, partly due to the impact of tariffs on car imports that were introduced by President Donald Trump’s administration.<\/p>\n
Chinese carmakers have been expanding aggressively as they roll out new technologies while benefiting from lower production costs than their rivals.<\/p>\n
In recent years, firms like BYD have seen their sales rise sharply in markets including the UK, European Union and South East Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part…\n","protected":false},"author":2,"featured_media":759379,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-759378","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/759378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=759378"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/759378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/759379"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=759378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=759378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=759378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}