Volkswagen's labour representatives on the supervisory board rejected a major restructuring plan reportedly including 100,000 job cuts and four plant closures. The plan was voted down 12-7. The company reported an 8.6% drop in Q2 vehicle deliveries.
Volkswagen's management faces potential major conflict with unions over reported plans to cut up to 100,000 jobs and close four factories. IG Metall warns of strong opposition to restructuring aimed at addressing competition, EV margins, and US tariffs.
Volkswagen is set to discuss significant job cuts and factory closures, potentially impacting 100,000 global roles and four German plants. Unions are protesting, and labor representatives hold a majority on the supervisory board, complicating approval.
Volkswagen's supervisory board will review drastic proposals to cut up to 100,000 jobs and close German factories. Unions have organized protests across 18 sites, warning against placing the burden on the workforce.
Volkswagen is reportedly considering cutting up to 100,000 jobs and closing four German factories, a plan facing strong opposition from lawmakers and unions. The company's supervisory board will vote on the restructuring on July 9, with significant hurdles due to the Volkswagen Law and the state of Lower Saxony's stake.
Volkswagen plans to cut 15% of its 650,000+ workforce, close four factories, and spin off the VW brand, according to Manager Magazin. This comes as the German automaker faces declining profits, US tariffs, and challenges in EV transition, sparking political and union opposition.
