Business
VW CEO Signals Potential 50,000 Additional Job Cuts While Denying Plant Closure Plans
July 13, 2026 at 06:43 PM
Coverage
4 reports · 3 in Arabic, 1 in English · over 7 hours
TGThe Guardian
VW chief confirms plan to cut 50,000 jobs as board rejects plant closures
(opens the publisher’s site)
AJAl Jazeera Arabic
فولكس فاغن تلمح إلى تسريح 50 ألف موظف
(opens the publisher’s site)SNSky News Arabia
رئيس فولكسفاغن التنفيذي يلمح إلى تسريح 50 ألف موظف
(opens the publisher’s site)SNSky News Arabia
رئيس فولكس فاغن: قادرون على تجنب إغلاق المصانع
(opens the publisher’s site)CEO Oliver Blume told employees Volkswagen may cut another 50,000 jobs globally, but said the company can avoid plant closures as it seeks to lower costs.
- Volkswagen reported a 9% decline in sales in the second quarter of 2026.
- Blume said in an internal memo that the company may cut up to 50,000 additional jobs, calling the figure a "theoretical" reduction.
- Blume told Bild am Sonntag that Volkswagen can avoid plant closures, stating the company has "smarter solutions."
- Blume stated that Volkswagen's operating costs are 20% higher than the industry average and that 50,000 jobs have already been cut.