👥 HR & Workplace🌐 Global
Volkswagen Plans to Cut Up to 100,000 Jobs and Close Four German Plants
mint - companies·Friday, 26 June 2026
Volkswagen AG is planning to cut up to 100,000 jobs and shut down four factories in Germany as part of CEO Oliver Blume's strategy to make the company more competitive. This would be one of the largest job cuts in the automaker's history. The move reflects broader pressures facing legacy carmakers as they navigate the shift to electric vehicles.
Why It Matters
A restructuring this large at one of the world's biggest carmakers signals how fast the auto industry is changing — and what could happen to workers at other traditional manufacturers globally.
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