Volkswagen to cut 50,000 jobs in Germany by 2030 as profits fall

Volkswagen Group plans to chopped 50,000 jobs successful Germany by 2030 aft reporting a crisp driblet successful profits amid rising costs and US tariffs.

The German carmaker reported that FY25 net aft taxation fell 44.3% year-on-year to €6.90bn ($8.04bn), a effect that aggregate reports described arsenic its weakest show successful astir a decade.

The downturn successful nett comes arsenic the institution faces commercialized tensions, difficulties successful the Chinese marketplace and the interaction of strategical changes astatine its sports car brand, Porsche.

In a missive to shareholders, Volkswagen CEO Oliver Blume said: “In total, astir 50,000 jobs are owed to beryllium chopped by 2030 crossed the Volkswagen Group successful Germany.”

Volkswagen had antecedently reached an statement with unions astatine the extremity of 2024 to trim 35,000 jobs by 2030.

At that time, the institution said it was adjusting accumulation capableness astatine its German plants and establishing conditions to chopped labour costs by €1.5bn annually done a collectively agreed wage colony moving until 2030.

The radical said its cost-cutting initiatives are progressing successful enactment with expectations.

Through corporate bargaining agreements and workforce reductions, Volkswagen reported outgo savings of astir €1bn successful the 2025 fiscal twelvemonth arsenic planned.

It added that the institution remains connected way to execute its people of generating nett yearly outgo savings of much than €6bn crossed the radical by 2030.

On China, the institution said it has shortened improvement timelines by arsenic overmuch arsenic 30% portion gathering a “very competitory outgo base”.

According to its yearly report, Volkswagen ended 2025 with astir 662,900 employees worldwide, representing a diminution of astir 2.4% compared with 2024.

Despite the restructuring programme, the carmaker said it volition proceed expanding its merchandise lineup.

Alongside the workforce simplification plans, Volkswagen stated that it intends to motorboat much than 20 caller models globally successful 2026.

"Volkswagen to chopped 50,000 jobs successful Germany by 2030 arsenic profits fall" was primitively created and published by Just Auto, a GlobalData owned brand.

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