Volkswagen launches comprehensive restructuring plan, plans to cut 50,000 jobs
智通财经2026/09/03 20:46Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Volkswagen announced that it will launch a comprehensive reform plan, aiming to cut 50,000 jobs and may even close some factories. This decision was made after prolonged negotiations among management, labor unions, and the Lower Saxony state government in Germany. Volkswagen Group stated on Thursday that this restructuring will be “the most far-reaching transformation plan in the company’s history.” Earlier this year, Volkswagen CEO Oliver Blume put forward a plan that could cut up to 100,000 jobs and close as many as four plants. Volkswagen said that its Supervisory Board has confirmed there is about 500,000 units of excess production capacity in Europe. The company pointed out that its plants in Emden, Zwickau, Hanover, and Neckarsulm currently have no competitive follow-up production projects for the next 5 to 8 years, and said it is simultaneously exploring other uses for these factories. Volkswagen also mentioned that the plan is expected to reduce around 50,000 jobs across the group, including management positions.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Apollo (APO.US) reportedly plans to acquire Johnson & Johnson (JNJ.US) orthopedics business, with a potential deal valued at nearly 20 billions USD.
Global alternative asset management firm Apollo Global Management is reportedly in talks to acquire Johnson & Johnson's orthopedics division, DePuy Synthes. The deal could value the business at nearly 20 billions USD.
智通财经•2026/09/12 03:16

Crypto prices
MoreBitcoin
BTC
$77,228.43
+0.53%
Ethereum
ETH
$2,511.68
+2.72%
Tether USDt
USDT
$0.9998
+0.01%
BNB
BNB
$735.14
+3.28%
XRP
XRP
$1.36
+1.58%
USDC
USDC
$0.9999
-0.01%
Solana
SOL
$101.59
+2.25%
TRON
TRX
$0.3395
-0.05%
Hyperliquid
HYPE
$78.76
+0.07%
Zcash
ZEC
$1,130.22
+5.65%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now