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Volkswagen Says to Cut 50,000 Jobs as Profit Slides
Volkswagen will cut 50,000 jobs in Germany over four years after a 53% profit decline due to global market volatility and cost pressures, the company said.
10 Articles
10 Articles
On March 10, 2026, the Volkswagen Group presented its balance sheet for the 2025 financial year. The figures are alarming: the profit of the traditional brand has fallen by almost half. As a consequence, 50,000 jobs are to be cut in Germany by 2030. Last year, the Wolfsburg-based Autoriese Volkswagen recorded the most massive drop in profits since the 2015/2016 Diesel scandal. Net profit after tax fell by around 44 percent: from 12.4 billion eur…
The European automotive industry is sinking into a crisis. Between the Chinese manufacturer's offensive and the protectionist wall set up by the United States, the margins of manoeuvre of the historical manufacturers are melting like snow in the sun. The time for cosmetic adjustments is over. Leaders are now forced to cut in the vibe, at the very heart of their industrial apparatus, in order to try to save what can still be saved. It is no longe…
On Tuesday, March 10th, Volkswagen presented its results for 2025. The fall in profits leads to a new social plan. By 2030, the manufacturer will employ 50,000 fewer people.
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