'Profound change required': Volkswagen plans 100,000 job cuts and four plant closures | TheBriefWire
'Profound change required': Volkswagen plans 100,000 job cuts and four plant closures
Published 27 June 2026 ยท world
Volkswagen is planning a massive job cut of 100,000 positions and the closure of four German plants. This drastic overhaul, the most significant in its
Volkswagen is planning a massive job cut of 100,000 positions and the closure of four German plants. This drastic overhaul, the most significant in its history, aims to counter intense competition from Chinese electric vehicle makers. The automaker also intends to reduce research and development spending by 15% as it faces declining market share in China and growing pressure from rivals expanding globally.
Published: June 27, 2026 โข 8:42 AM IST ยท Updated: June 27, 2026 โข 9:32 AM ISTBy TheBriefWire Editorial Team
Key points
Volkswagen is planning a massive job cut of 100,000 positions and the closure of four German plants.
This drastic overhaul, the most significant in its history, aims to counter intense competition from Chinese electric vehicle makers.
The automaker also intends to reduce research and development spending by 15% as it faces declining market share in China and growing pressure from rivals expanding globally.