Volkswagen intends to reduce its global workforce by up to 100,000 employees over the coming years, according to a report by German business magazine Manager Magazin. The move represents a 15 per cent reduction in the automaker's current workforce of approximately 660,000 people. CEO Oliver Blume presented the plan to senior executives earlier this week, which includes phasing out production at four German plants. The report states that Blume aims to spin off the Volkswagen brand into a new company as part of a broader restructuring effort.
The job reductions in Germany are part of a previously announced target to eliminate 50,000 positions by 2030. The closures of the four domestic plants would contribute significantly to these cuts. Manager Magazin reported that Blume is intensifying efforts to restructure the company, though specific timelines for the full 100,000 job reductions beyond the German target were not detailed. The report did not specify how many of the 100,000 cuts would occur outside Germany or in which regions they would take place.
Oliver Blume is pushing for massive job cuts while proposing to spin off the VW brand into a new company, even as workers face uncertainty over 100,000 potential layoffs. The plan to eliminate 50,000 jobs in Germany by 2030 has already been disclosed, yet no details have been given on how the remaining cuts will be distributed globally. Workers in affected plants now face an unclear future without information on timelines or redeployment options. The restructuring may reshape Volkswagen's operations, but leaves employees bearing the immediate cost.
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