Volkswagen is negotiating a turnaround that could involve up to 50,000 job losses, with tensions rising among management, unions, and state owners ahead of a September 4 supervisory board meeting. German state leaders Olaf Lies and Michael Kretschmer are urging a swift, balanced agreement to protect German production and workers, including at sites like the Zwickau EV plant, amid tariffs, weak demand, and rising Chinese competition.

Business· Aug 29, 2026

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Olaf Lies

German politician (SPD), Minister President of Lower Saxony

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Olaf Lies· Business · 6 sources · Aug 29, 2026Story

Volkswagen weighs turnaround plan amid 50,000 job cuts

Business· Aug 29, 2026

Facts from Wikidata (CC0). Image by MW via Wikimedia Commons (CC BY-SA 4.0).

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About Olaf Lies

Olaf Lies is a German politician of the Social Democratic Party (SPD). In May 2025 he was elected as Minister-President of the federal state of Lower Saxony.

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Occupation: politician
Position held: member of the Landtag of Lower Saxony, Member of the Bundesrat of Germany, deputy member of the Bundesrat of Germany, Minister-President of Lower Saxony
Citizenship: Germany
Born: May 8, 1967

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Olaf Lies across IJR

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Olaf LiesStrictly off the record: snacks, hobbies, weather.

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