Volkswagen board approves plan to cut 100,000 jobs
The group - which includes Audi, Porsche, Skoda as well as the VW brand - said in March that it would cut 50,000 roles.
Volkswagen board approves plan to cut 100,000 jobs
The board of German car giant Volkswagen has signed off on a plan to eliminate another 50,000 jobs as part of a broad turnaround programme. That takes the total number of positions the company intends to cut by 2030 to 100,000.
The group, which includes Audi, Porsche, Skoda and the VW brand, said in March that it would reduce 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 company has been hit by lower profits amid falling sales and intense competition, particularly from Chinese brands.
VW's statement also said that a "fundamental adjustment of the global workforce capability is necessary" to protect the company's competitiveness, as it faces changing demand and technological change.
It added "a Group-wide workforce adjustment of approximately 50,000 positions – including management roles – will be necessary."
As of 2025, the Beetle-maker employed more than 660,000 people worldwide.