🚀 Business & Startups🌐 Global
Volkswagen Wants to Cut 1 Lakh Jobs — Workers Say It Can't
mint - companies·Tuesday, 30 June 2026
Volkswagen has proposed shutting four German factories and cutting up to 100,000 jobs as part of a major restructuring plan. The company's works council is pushing back hard, saying an employee job guarantee that runs until 2030 means the carmaker cannot legally scrap those positions yet.
Why It Matters
Volkswagen is one of the biggest car brands sold in India and a bellwether for the global auto industry — its financial health and restructuring direction signal where the car business is heading.
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