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Volkswagen to cut 50,000 jobs in Germany by 2030
Volkswagen plans to cut 50,000 jobs by 2030 in Germany due to a 44% profit drop in 2025 amid tariffs, competition in China, and costly restructuring.
- On March 10, 2026, Volkswagen Group announced it will cut around 50,000 jobs in Germany by 2030 following a roughly 44% fall in post-tax profit for 2025.
- Amid tariffs and market shifts, management cited geopolitical tensions, new trade barriers, and China competition, as Volkswagen said operating profit more than halved to 8.9 billion euros in 2025.
- Employee representatives noted the 2024 union agreement with trade unions to avoid redundancies at Germany production sites until 2030, despite plans for 50,000 job cuts by 2030.
- Employee representatives are now demanding the workforce share in the group's strong cash flow after Volkswagen reported a 6 billion euros net cash flow in January.
- The group forecasts an operating margin of 4%–5.5% in 2026 and is doubling down on an 'in China for China' strategy to counter competition.
166 Articles
166 Articles
As Volkswagen Group, the largest automobile company in Europe, saw its operating profit drop by more than half last year, giving Hyundai Motor Group the “2nd place in operating profit” position for the first time. On the other hand, there is an assessment that Hyundai Motor Group mitigated the impact with a quick response, such as inventory exhaustion and production volume adjustments to respond to US tariffs.
The profit of Europe's largest company VW is breaking down and by 2030 the manufacturer wants to cut 50,000 jobs. The air in the European industry is getting thinner and the car manufacturers are facing a tough test. Since 2017, EU companies have lost a fifth of their market share, but China has caught up strongly. "Krone" has looked at what this means for Austria.
Volkswagen Loses Half Their Profit, Now Plan to Cut 50,000 Jobs Over Next Four Years
The origin of this issue goes back to 2021 and the relaunch of the Build Back Better European green energy program to fight the non-existent climate change problem. We have been highlighting the consequences within the EU auto sector. We noted in October of last year, the EU’s mandated fines against auto manufacturers who do […]
Some 50,000 jobs will have disappeared by the end of the decade within the group, Volkswagen announced at the presentation of its results on Tuesday, 10 March.
Dark clouds are gathering over German car giant Volkswagen. After last year's profit was the lowest in a decade, CEO Oliver Blume announced that 50,000 jobs would be cut over the next four years.
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