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VW plans to cut up to 10,000 jobs and shut plants, report says
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VW plans to cut up to 10,000 jobs and shut plants, report says

The Guardian · Jun 26, 2026, 10:47 AM · Also reported by 2 other sources

Why this matters: a developing story that could shape the day's news cycle.

German firm reportedly considering doubling previously announced staff reductions amid Chinese competition Business live – latest updates Germany’s Volkswagen is to cut up to 100,000 jobs and reduce and eventually stop production at some plants, according to reports.The company has refused to comment on reports of a management presentation at a board meeting outlining dramatic cost cutting, but if it goes ahead it would mean Volkswagen doubling previously announced staff reductions. Continue reading...

Article preview — originally published by The Guardian. Full story at the source.
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CNBC Volkswagen plans to cut 15% of its workforce and close four German plants, report says Euronews 100,000 jobs and four plants: Volkswagen reportedly plans radical overhaul

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