Volkswagen to Cut 50,000 Jobs by 2030

3 sourcesFirst reported 1 month agoUpdated 1 month ago

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Volkswagen plans to eliminate 50,000 jobs by 2030, as announced by CEO Oliver Blume.
The company's business model, successful for decades, is no longer effective.
Blume described the current situation in the automotive industry as tense and challenging.
35,000 positions will be cut from the Volkswagen brand alone by the end of the decade.
By the end of 2026, the workforce is expected to shrink by 19,000, with many voluntary departures already agreed upon.

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