Volkswagen is set to cut nearly 20,000 jobs in Germany by the end of 2026
This was reported by Deutsche Welle, citing the company’s CEO, Oliver Blume.
Overall, the long-term strategy envisages the loss of over 28,000 jobs by 2030, and together with the subsidiary brands Audi, Porsche and the IT division Cariad, around 50,000 employees will be affected by the cuts.
The main reason for such radical measures is the need for a global reduction in production costs.
The group’s management has already reported a reduction in operating costs at German plants of more than 20% by 2025, but the overall modernisation plan requires further financial relief.
As a result, workforce optimisation and new collective agreements have already secured the company around €1 billion in sustainable savings.
The ultimate goal of Volkswagen’s current crisis response programme is to reduce annual corporate costs by €6 billion by 2030.
As a reminder, it was previously reported that Mercedes-Benz will be collaborating with a drone manufacturer that supplies Ukraine with interceptor drones.
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