Volkswagen Lifts Germany Job Cuts to 50,000 by 2030

Overview

• The plan spans the Volkswagen brand, Audi with up to 7,500 reductions by 2029, Porsche with about 3,900, and the software unit Cariad.
• CEO Oliver Blume disclosed the move alongside 2025 results showing net profit down 44% to €6.9 billion and operating profit at €8.9 billion.
• Volkswagen cited intense Chinese competition, weak European demand, and U.S. tariffs, and booked €9 billion in related charges including €5 billion from Porsche’s EV strategy shift, €3 billion from tariffs, and €1 billion from restructuring.
• The company says it realized €1 billion in savings in 2025 and expects profitability to stay under pressure through 2026 despite ongoing cost cuts.
• To rebuild in China, the group plans its largest product campaign with new models tailored specifically to the local market.