Wolfsburg, Germany, March 10, 2026 (AFP) - Volkswagen says to cut 50,000 jobs as profit slides

NAMPA / AFP

2026-03-10

Volkswagen said Tuesday that it would cut 50,000 jobs in Germany by 2030 as its profit slid to its lowest level since 2016. "In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany," Volkswagen CEO Oliver Blume said in a letter to shareholders in the firm's annual report. The 10-brand group had already struck a deal with unions at the end of 2024 to cut 35,000 jobs by 2030, mostly at its namesake brand, as pa......

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Business & Finance News

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