https://www.live-feeds.com/feed/volkswagen-board-approves-plan-to-cut-another-50-000-jobsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/volkswagen-board-approves-plan-to-cut-another-50-000-jobshttps://www.live-feeds.com/feed/volkswagen-board-approves-plan-to-cut-another-50-000-jobs#u60476Mon, 07 Sep 2026 20:10:23 +0000Volkswagen's supervisory board unanimously approved Future Plan 2030, a restructuring initiative that cuts another 50,000 jobs. This brings total planned workforce reductions to 100,000 by 2030. The plan reduces the group's model range by 50% and model variants by up to 75%. The strategy, led by Oliver Blume, aims to improve competitiveness amid falling sales and rising competition. It involves simplifying the conglomerate structure and expanding operations in the United States while optimizing premium brands like Audi.Why it mattersThe move signals a shift in Germany's cooperat https://www.live-feeds.com/feed/volkswagen-board-approves-plan-to-cut-another-50-000-jobshttps://www.live-feeds.com/feed/volkswagen-board-approves-plan-to-cut-another-50-000-jobs#u58878Sun, 06 Sep 2026 09:42:16 +0000Volkswagen's board has approved a restructuring plan to cut another 50,000 jobs, bringing total reductions to 100,000 positions by 2030. The car giant is also slashing half of its vehicle models by 2035 in the biggest overhaul in its almost nine-decade history. Key brands including Audi, Porsche, and Bentley's Crewe site are affected by the workforce transformation, while four European plants face review to address excess manufacturing capacity. The cuts aim to streamline operations and reach a 9% operating margin.Why it mattersThe German automaker once held the position of the world https://www.live-feeds.com/feed/volkswagen-board-approves-plan-to-cut-another-50-000-jobshttps://www.live-feeds.com/feed/volkswagen-board-approves-plan-to-cut-another-50-000-jobs#u57487Fri, 04 Sep 2026 23:52:37 +0000Volkswagen's Supervisory Board unanimously approved the Future Plan 2030 on Thursday, mandating a workforce reduction of approximately 50,000 positions. This move follows 50,000 job cuts already in progress, bringing the total reduction to 100,000 by 2030. The cost-cutting strategy includes closing four plants and halving the company's vehicle lineup by 2035. These measures are part of the largest overhaul in the company's history as it seeks to streamline operations and reach a 9% operating margin by 2030.Why it mattersThe automotive industry faces significant pressure to trans