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

The Guardian World Friday 26 June 2026, 10:47 UTC By Lisa O’Carroll 1 min read
Key Points

German firm reportedly considering doubling previously announced staff reductions amid Chinese competitionBusiness live – latest updatesGermany’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.

German firm reportedly considering doubling previously announced staff reductions amid Chinese competition

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.

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