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Volkswagen job cuts: 100,000 jobs and 4 plant closures planned

Porsche is cutting an additional 5,000 jobs by 2035. This follows previous announcements of 4,400 staff reductions. These cuts come amid electric vehicle setbacks and falling sales in China.

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What changed

Porsche added 5,000 more job cuts to its existing reduction plan.

Live updates

  1. Porsche increases layoffs as Volkswagen restructuring continues

    Porsche is cutting an additional 5,000 jobs by 2035. This follows previous announcements of 4,400 staff reductions. These cuts come amid electric vehicle setbacks and falling sales in China.

    What's confirmed:

    • Porsche will cut 5,000 more jobs by 2035.
    • Porsche previously announced 4,400 job cuts.

    Still unconfirmed:

    • Total Porsche layoffs now approach 9,400.
    • Porsche secured 2.1B in factory investment.
    • Porsche will cut one in five jobs by 2035.
    confidence 90%

  2. Volkswagen Weighs Up to 100,000 Job Cuts and Four Plant Closures

    Volkswagen is considering a massive corporate overhaul that could involve cutting up to 100,000 jobs. The plan includes closing four German manufacturing plants. This restructuring would double previously announced staff reductions.

    What's confirmed:

    • Volkswagen is considering cutting up to 100,000 jobs.
    • The company is weighing the closure of four German plants.
    • The reported overhaul would double previously announced staff cuts.

    Still unconfirmed:

    • Manufacturing plants at Hanover, Zwickau, Emden and Neckarsulm are targeted for shutdown, risking more than 45,000 jobs.
    • The company may spin off its core brand.
    • One report claims VW plans to cut up to 10,000 jobs instead of 100,000.
    confidence 80%