Volkswagen Approves Future Plan 2030 With 50,000 Job Cuts
Volkswagen‘s supervisory board signed off on a plan that cuts 50,000 more jobs across the group. The reductions double a workforce program already running at Europe’s largest carmaker. The German automaker announced the decision on Thursday. It also plans to shrink its model range by roughly 50% by 2035 and lift profitability. Sponsored Sponsored Volkswagen Sets 2030 Targets While Four Plants Face Uncertainty The Future Plan 2030 passed unanimously and reached management ranks as well as factory floors. “According to the analysis underlying the Future Plan 2030, a Group-wide workforce adjustment of approximately 50,000 positions – including management roles – will be necessary,” the firm said. The firms 12 initiatives target annual sales of 9 million vehicles and an operating margin of 9% by 2030. That margin equals an operating result of about EUR 31 billion. The group earmarked EUR 135 billion for capital spending and research between 2027 and 2031. Volkswagen also acknowledged that European capacity exceeds demand by more than 500,000 units. Production for the Emden, Zwickau, Hanover, and Neckarsulm plants cannot currently be secured from 2031 to 2034. A concept for European production is due by the end of June 2027. The company gave no timing for the workforce reduction or its distribution across brands. CEO Oliver









