Volkswagen to cut 50,000 jobs as profits drop

"In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany."

— Oliver Blume , Executive

"We can only realise this if we continue to rigorously reduce costs."

— Arno Antlitz , Executive

"We are simply seeing how volatile and fragile our world is, with new issues arising every month."

— Oliver Blume , Executive

"We can only realise this if we continue to rigorously reduce costs, leverage group synergies, reduce complexity and thus sustainably increase profitability."

— Arno Antlitz , Executive

"In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany."

— Oliver Blume , Executive

"We need to prepare ourselves for the fact that we will come under price pressure here."

— Oliver Blume , Executive

"The business model that has sustained us for decades in the Volkswagen Group... no longer works in its current form."

— Oliver Blume , Executive

"We can only realise this if we continue to rigorously reduce costs."

— Arno Antlitz , Executive

"The year 2025 was shaped by geopolitical tensions, tariffs and intense competitive pressure … We have taken important steps to further boost Volkswagen Group’s resilience. But the operating margin of 4.6 per cent is not sufficient in the long run."

— Arno Antlitz , Executive

"Our goal for 2030 is an operating margin of eight to 10 per cent. The basis for this is strict cost and investment discipline."

— Oliver Blume , Executive

"In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany."

— Oliver Blume , Executive

"We can only realise this if we continue to rigorously reduce costs."

— Arno Antlitz , Executive

"In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany."

— Oliver Blume , Executive

"We can only realise this if we continue to rigorously reduce costs."

— Arno Antlitz , Executive