Volkswagen: more than half of the planned job cuts already secured

Volkswagen is in the process of repositioning itself – with significantly fewer employees than at present. Around 35,000 jobs are to be cut by 2030. The Group is apparently making good progress with this part of the restructuring. The volunteer programs are being well received, VW reports. "Around 20,000 departures from the company by 2030 have already been contractually agreed," said Chief Human Resources Officer Gunnar Kilian at a works meeting in Wolfsburg, according to a press release.

In December 2024, the company and trade union agreed on a restructuring program for the core VW brand after a long struggle. Almost a quarter of the 130,000 jobs in Germany are to be cut by 2030. Dismissals for operational reasons have been ruled out and the cuts are to be made primarily through early retirement and severance payments. "The first measures of the "Future Volkswagen" agreement are taking effect and we are on course," said Kilian. "We are accelerating our transformation with measurable progress on factory costs in Wolfsburg and socially responsible job cuts at Volkswagen AG's six German sites alone." However, we have not yet reached our goal in terms of cost-cutting, added Brand CFO David Powels: "We still have a lot of work ahead of us for the future." The aim is to make Volkswagen competitive and sustainably fit for the future by 2029.

(mfz)