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Volkswagen weighs turnaround plan amid 50,000 job cuts
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 · 6 sources · Aug 31, 2026Read itThe journal
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About Oliver Blume
Oliver Blume is a German executive and the CEO of the Volkswagen Group.
Everything about Oliver Blume →- Occupation
- business executive, executive, entrepreneur, engineer
- Position held
- chairperson of the executive board, chairperson of the executive board
- Citizenship
- Germany
- Born
- June 6, 1968, 1968