COMPETITIVE · NORTH AMERICA
Volkswagen to cut 50,000 jobs
Change
Volkswagen to cut 50,000 jobs by the end of the decade.
Why it matters
50,000 roles will be cut by the end of the decade. Reductions are to take place in Germany and apply across the group's 10 brands. Porsche and Audi are included among the luxury subsidiaries affected. An existing agreement with German trade unions requires cutting 35,000 jobs by 2030 partly via natural attrition.
Implications
- • Workforce levels across all 10 brands in Germany will be reduced, requiring role eliminations and redeployments.
- • Porsche and Audi headcounts will be subject to the same group-wide reductions.
- • The previously agreed 35,000-job reduction by 2030 via attrition remains concurrently in effect.
Who is affected
- • Volkswagen group employees based in Germany
- • Employees at Porsche and Audi
- • German trade unions
What to watch
- • End of the decade (deadline for the 50,000 cuts)
- • 2030 (deadline for the previously agreed 35,000 reductions)
Source
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