Berlin, Sept. 4 (SANA) Volkswagen plans to cut around 100,000 jobs worldwide by 2030, or roughly 15% of its global workforce, as the German automaker steps up efforts to reduce costs and remain competitive amid mounting pressure on the industry.
The group said Thursday it had agreed to eliminate about 50,000 additional positions, on top of roughly 50,000 job cuts announced earlier, according to German news agency dpa.
Volkswagen, which owns 10 automotive brands including Audi and Porsche, said its management and supervisory boards viewed the restructuring as urgently needed to safeguard the group’s competitiveness and long-term future.
The overhaul has also cast uncertainty over four German plants in Emden, Zwickau, Hanover and Neckarsulm.
Volkswagen said it would develop a plan for a sustainable and competitive production structure across its European operations by the end of June next year.
The automaker said it could not currently guarantee that the four German plants would remain competitively viable between 2031 and 2034 and was examining alternative uses for the sites.
The cuts would rank among the largest workforce reductions in the global auto industry as Volkswagen grapples with U.S. tariffs, uneven demand for electric vehicles and growing competition from Chinese automakers, particularly in Europe.
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