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Volkswagen: 100,000 jobs cut

June 26, 2026DEAutomotiveVolkswagen

Volkswagen announced plans to cut up to 100,000 jobs, representing approximately 15% of its workforce, as part of a broader strategy to reduce costs amid a significant investment freeze. The company is also planning to close four plants in Germany. This decision comes as Volkswagen aims to improve its operating margins and adapt to changing market conditions.

Conservative

0

Core Estimate

15,000

Upper Bound

35,000

Sources

Primaryts2.techJune 26, 2026

Volkswagen 100,000-job cut report links to €23 billion investment freeze

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