Volkswagen Approves Plan to Cut 100,000 Jobs by 2030

Volkswagen's supervisory board has approved a restructuring plan that includes cutting approximately 100,000 jobs globally by 2030.

The plan, known as Future Plan 2030, aims to address intensifying tariff pressures and competition from China. The job reductions represent about one in seven of the company's global workforce. Volkswagen's stock saw an increase following the announcement. The company's supervisory board unanimously approved the Future Plan. This overhaul is described as the biggest restructuring in the group's almost nine-decade history.

The plan was approved on Thursday, September 3, 2026. The job cuts are part of an effort to counter tariffs, overcapacity, and aggressive Chinese rivals. Volkswagen India is also set to cut 12% of its jobs as part of a three-year restructuring. Some reports indicate that four factories could close as part of the plan.