👥 HR & Workplace🌐 Global
Volkswagen Plans to Cut Up to 100,000 Jobs and Close Four German Factories
mint·Saturday, 27 June 2026
Volkswagen AG is planning to eliminate 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. The cuts represent one of the largest planned layoffs in European automotive history.
Why It Matters
What happens at one of the world's biggest carmakers sends a signal about the health of the global auto industry — and raises hard questions about job security in manufacturing as EV competition intensifies.
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