Volkswagen board approves plan to cut another 50,000 jobs

The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of a sweeping turnaround programme. It brings the total number of roles the company plans to shed by 2030 to 100,000.

The group - which includes Audi, Porsche, Skoda as well as the VW brand - said in March that it would cut 50,000 roles by the end of the decade.

The move is a "strong signal" for the future of the firm, which is "taking responsibility for our entire workforce", VW's chief executive Oliver Blume said in a statement on Thursday.

Blume told the BBC in July that the firm was looking to make the additional cuts.

The Beetle-maker has been hit by a drop in profits due to falling sales and fierce competition, especially from Chinese brands.

VW will also prioritise the "most compelling vehicles" and make more of each model, which will help lower costs, it said.

A "fundamental adjustment of the global workforce capability is necessary" to safeguard the competitiveness of the company, which faces shifting demand and technological change.

It added "a Group-wide workforce adjustment of approximately 50,000 positions - including management roles - will be necessary."

The company is also considering the future of its Emden, Zwickau, Hanover and Neckarsulm plants, where it has said production capacity exceeds demand.

"Alternative uses for these plants are being assessed," it said.

The restructuring marks the biggest in VW's almost nine-decade history.

Christianne Benner - the president of Europe's largest industrial union IG Metall and deputy chair of VW's Supervisory Board - said the carmaker had "fought hard for good solutions" to address a "crisis situation".

As of 2025, VW employed more than 660,000 people worldwide.

Its stable of brands also includes Seat, Bentley and Lamborghini.