Volkswagen Stakeholders Meet to Decide Future of Company
IG Metall is rallying workers at about 20 sites as executives consider factory closures and as much as 100,000 job cuts, union leaders said.
- On Thursday, July 9, 2026, Volkswagen's supervisory board met in Wolfsburg to discuss a restructuring plan that reports suggest could involve up to 100,000 job cuts and the closure of four German factories.
- Europe's largest carmaker faces intense pressure from high costs, fierce competition in China, and US import tariffs, prompting CEO Oliver Blume to weigh deeper cuts to restore profitability.
- Nationwide protests organized by IG Metall, Germany's largest labor union, occurred Thursday as representatives warned management that pushing ahead risks a 'major conflict' with workers.
- Deputy chair of the supervisory board and IG Metall President Christiane Benner declared, 'This is a clear message to the board: Not on our watch!' while demanding full plant capacity.
- Any factory closures require approval from the 20-member supervisory board, where labor representatives hold half the seats, positioning the 89-year-old group for lengthy negotiations ahead.
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196 Articles
The German government expressed its confidence this Friday that the German car group Volkswagen (VW), which reported its intention to reduce production capacities to adapt them to the situation of the global market, will take into account its responsibility towards the workers in any strategic decision it makes. “Beyond the decisions ... Continue reading “The closures and 100 thousand layoffs that Volkswagen plans: German government trusts that …
Volkswagen faces major backlash over plans to shut factories and cut 100,000 jobs
Volkswagen, one of the most popular car companies in the world, is planning to cut its model lineup, reduce capacity and potentially slash 100,000 jobs in the largest restructuring in the history of the company.The German automaker plans to make drastic changes to its operational output as it battles against hefty tariffs and competition from Chinese manufacturers.Volkswagen has seen its profit margins halve between 2021 and 2025, prompting a su…
Half of Volkswagen's models would no longer be produced. The management was preparing for even harsher cuts, but the plans were revealed too soon.
The Volkswagen Group announced this Thursday that it will carry out a restructuring plan that contemplates a reduction of its range of models by 50% and a decrease of production by 25% in the face of 2030. A strategy that, for the time being, "will not have an immediate impact on the operations nor on the presence of the group in Spain, where the activity continues normally", as has explained sources of the company to La Información Económica. T…
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