🚀 Business & Startups🌐 Global
Volkswagen Plans To Cut Up To 100,000 Jobs And Close Four German Plants
mint - companies·Saturday, 27 June 2026
Volkswagen AG is planning to cut up to 100,000 jobs and close four factories in Germany as part of a strategy by CEO Oliver Blume to make the company more competitive. The scale of the cuts would make this one of the largest industrial layoffs in recent European history. No final timeline has been confirmed.
Why It Matters
Volkswagen sells cars globally and employs hundreds of thousands of people — cuts this large send a signal about the pressure traditional carmakers face from cheaper electric vehicle rivals, especially from China.
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