Volkswagen says a new plan adds 50,000 cuts to prior agreements, bringing the total to about 100,000 by 2030.
Why it matters: The cumulative scale shows how aggressively Volkswagen is trying to lower costs and reset operations. The changes will affect workers, suppliers and labor politics in Germany as the automaker tries to stay competitive.
- Volkswagen’s supervisory board approved the plan on Sept. 3, the company said.
- The company said Future Plan 2030 adds about 50,000 job cuts, including management roles.
- Volkswagen said the group-wide total is now about 100,000 planned reductions by 2030, combining prior agreements with the new plan.
- AP reported the broader restructuring includes a simplified model lineup and production changes at multiple German plants.
Volkswagen’s supervisory board approved Future Plan 2030 on Sept. 3, according to the company’s release. The automaker said the plan adds about 50,000 more job cuts, bringing planned reductions to roughly 100,000 by 2030.
That figure is cumulative. Volkswagen said about 50,000 jobs in Germany are already set to be cut under agreed measures, and its annual-report materials say more than 35,000 jobs in Germany will go by 2030 under late-2024 agreements. Those prior steps are part of the total, according to the company’s annual report.
The company said the workforce adjustment includes management roles. AP reported the wider restructuring also covers a simplified model lineup and production changes at multiple German plants. AP
Volkswagen has said it expects more than €6 billion in annual net cost savings by 2030 and is targeting sales of 9 million vehicles.
By the numbers
- 100,000 - Planned total job reductions by 2030, combining prior agreements and the new plan.
- 50,000 - Jobs Volkswagen says the new Future Plan 2030 adds, including management roles.
- More than 6 billion euros - Annual net cost savings Volkswagen expects by 2030.
Yes, but: The 100,000 figure is cumulative, not a new one-step cut, and it includes previously agreed reductions.