All entries on Volkswagen across all areas, newest first. tag:eurotrack.ai,2026:en:en/companies/volkswagen 2026-09-03T06:00:00Z Eurotrack tag:eurotrack.ai,2026:744abc2a:en 2026-09-03T06:00:00Z

On the evening of Thursday 3 September 2026 VW's supervisory board unanimously approved management's 'Zukunftsplan 2030': on top of the 50,000 job cuts already agreed in 2024, around 50,000 further positions are to go worldwide — roughly half of them in Germany — bringing total cuts by 2030 to about 100,000; compulsory redundancies are ruled out. The four sites Emden, Zwickau, Hanover and Neckarsulm have no competitive follow-on product allocation from 2031–2034; according to the works council no plant closure has been sealed, and management is to work out concrete solutions by mid-2027. Investments of EUR 135 billion in fixed assets and R&D (2027–2031) are also planned; target margin 9% by 2030 (AFP, 4 September 2026; Personalwirtschaft, 10 September 2026). Definitive decision following the reported stage since June 2026 (entry 04211820, recorded there without a figure). Update (26 Oct 2026): According to media reports, the board wants to cut a further 12,000 jobs at the Volkswagen brand by 2030 and offer staff a voluntary move into a state-subsidised transfer company; the works council and IG Metall reject this, and industrial action is possible from the turn of the year. Whether the 12,000 are part of the 50,000 is open, so the figure is not counted separately (Personalwirtschaft, 26 Oct 2026). — Sources: https://de.finance.yahoo.com/nachrichten/aufsichtsrat-volkswagen-stimmt-sanierungsplan-massiver-192009815.html · https://www.personalwirtschaft.de/news/hr-organisation/vw-zukunftsplan-2030-abbau-von-weiteren-50000-stellen-201637/

tag:eurotrack.ai,2026:17f48c2d:en 2026-07-10T06:00:00Z

VW's supervisory board stopped CEO Blume's restructuring plan ('Group Target Picture') including the proposed closure of four German plants (Hanover, Zwickau, Emden, Neckarsulm) at its 9 July meeting: 12 of the 20 board members voted against, with employee representatives and the state of Lower Saxony using their veto rights. The closures are averted for now; talks on alternative savings measures continue after the summer break. Multiply confirmed reporting (Correctiv, wallstreetONLINE and others). UPDATE (24 July 2026): At the half-year results — his first public appearance since the supervisory board meeting — CEO Blume called the circulating figure of around 50,000 jobs affected worldwide a 'theoretical derivation' and reaffirmed that he is seeking 'intelligent solutions' rather than plant closures; the four sites remain affected. No new decisions were taken; according to Manager Magazin the plans are to be resubmitted in September, with works meetings planned for late August beforehand. UPDATE (4 September 2026): The supervisory board unanimously approved the 'Zukunftsplan 2030' with around 50,000 additional job cuts worldwide (see layoffs entry dated 4 September 2026). Emden, Zwickau, Hanover and Neckarsulm have no competitive follow-on product allocation from 2031–2034; according to the works council no plant closure has been sealed — management is to work out concrete solutions for the four sites by mid-2027 (AFP). — Source: https://correctiv.org/aktuelles/wirtschaft/2026/07/10/blumes-umbauplaene-scheitern-im-vw-aufsichtsrat/

tag:eurotrack.ai,2026:04211820:en 2026-06-26T06:00:00Z

According to media reports, VW's management board is considering cutting up to 100,000 jobs (around 15 percent of the group's workforce) as well as closing four plants. The background is weak demand and intensified competition from Chinese manufacturers. Update 10 July 2026: The supervisory board rejected the savings package by 12 votes to 7 (the employee side plus Lower Saxony) and postponed the decision on plant closures; group CEO Blume nonetheless wants to push ahead with the realignment, and IG Metall mobilised with a nationwide day of protest. Update 13 July 2026: Group CEO Blume quantified the restructuring himself for the first time — without changes to labour costs, around 50,000 additional jobs worldwide would be at risk according to an intranet interview, on top of the 50,000 already agreed in Germany (reportedly, including Reuters/Tagesspiegel). Update 13 Jul 2026: In an internal memo, CEO Blume for the first time himself put the possible additional cuts at around 50,000 jobs worldwide (on top of the 50,000 already agreed through 2030) unless labor costs come down. Update 24 July 2026: Presenting the half-year results, CFO Arno Antlitz for the first time publicly put the possible additional cuts at around 50,000 jobs (previously communicated only internally by Blume) — together with the 50,000 already agreed through 2030 this gives the order of magnitude of up to 100,000. First-half operating profit fell 12% to €5.9bn and profit after tax 31% to €3.1bn; the 2026 revenue guidance was cut from up to +3% to as much as −3%. Antlitz called the margin of roughly 4% a 'wake-up call' requiring a second restructuring step, and did not commit on plant closures (sources: CNBC, CNN, AFP/France24, 24 July 2026). Update 4 September 2026: The supervisory board unanimously approved the 'Zukunftsplan 2030' — around 50,000 additional jobs worldwide by 2030 (separate follow-up entry dated 4 September 2026, which carries the figure). — Source: https://www.euronews.com/business/2026/06/26/100000-jobs-and-four-plants-volkswagen-reportedly-plans-radical-overhaul

tag:eurotrack.ai,2026:fbe5ff0f:en 2026-06-26T06:00:00Z

According to media reports, the VW management board plans to close four German plants as part of the radical group restructuring; Zwickau, Emden, Hannover and Audi Neckarsulm are named. At the Zwickau site alone, around 8,500 direct jobs are at stake. Update 9 July 2026: The supervisory board approved the management board's savings and returns plan but deferred the decision on the four plant closures; neither confirming nor denying the closure plans. Update 10 July 2026: the supervisory board stopped the closure plans (see follow-up entry of 10 July). — Source: https://www.euronews.com/business/2026/06/26/100000-jobs-and-four-plants-volkswagen-reportedly-plans-radical-overhaul