VW weighs up to 100,000 job cuts, four plant closures in biggest overhaul yet, sources say

[mahatmakanejeeves]

VW weighs up to 100,000 job cuts, four plant closures in biggest overhaul yet, sources say

By Christina Amann and Christoph Steitz
June 26, 2026 3:36 AM EDT Updated 5 hours ago

[1/5]Volkswagen ID.7 electric cars are seen at the Volkswagen (VW) electric fleet lead plant in Emden, Germany, February 18, 2025. REUTERS/Carmen Jaspersen/File Photo Purchase Licensing Rights, opens new tab


Summary
• Restructuring could be biggest in auto industry history
• CEO Blume tried to enforce major cuts in 2024, but faced union resistance
• Shutting Hanover, Zwickau, Emden and Audi's Neckarsulm could axe more than 45,000 jobs
• Supervisory board members to discuss restructuring on July 9, sources say
VW's works council, IG Metall and Lower Saxony vow to resist cuts

BERLIN, June 26 (Reuters) - Volkswagen is considering shutting four German factories and ramping up job cuts to as many as 100,000, two people familiar with ‌the matter said on Friday, in what could be the biggest ever overhaul in the industry.

Members of VW's supervisory board have been informed of the plans, which are due to be discussed at a July 9 meeting, the people said.

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[bucolic_frolic]

1. More info at the link. Trump rebates of 1,000% would obviously solve the problem. /nt