Frankfurt (Germany) (AFP) - The German automaker Volkswagen Group announced Thursday that it will eliminate an additional 50,000 jobs by 2030, bringing the total number of jobs it intends to eliminate to 100,000.
Published on: 09/03/2026 - 22:45
“It is necessary to harmonize labor levels and economic conditions,” said a statement issued by the group, which owns ten car brands.
On Thursday, the group agreed to a plan to “reduce about 50,000 jobs,” in addition to the 50,000 previously agreed to be eliminated.
Volkswagen, which owns brands such as Audi and Porsche, has previously announced its intention to eliminate 50,000 jobs around the world.
The jobs that were announced to be reduced by a total of 100,000 represent the largest restructuring process in the automotive industry around the world, and they constitute about 15 percent of the workforce in the German group globally.
Volkswagen, the largest car manufacturer in Europe, is suffering from US customs duties and varying demand for electric vehicles, especially fierce competition from and in China.
© 2026 AFP
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