Volkswagen Group is reportedly considering closing up to four German factories and cutting an additional 45,000 jobs, potentially doubling previous layoff plans to reduce its workforce by 15%. This drastic restructuring aims to address plummeting profits, declining sales in key markets like North America and China, and high operational complexity amidst rising tariffs.
Background
Volkswagen has faced significant financial headwinds in 2025 and 2026, with operating margins halving due to weak demand in non-European markets and increased trade barriers.
- Source
- Ars Technica
- Published
- Jun 26, 2026 at 11:10 PM
- Score
- 8.0 / 10