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VW supervisory board approves major job cuts and cost-saving measures

The VW supervisory board has approved a controversial cost-saving plan that is expected to lead to the loss of an additional 50,000 jobs and affect four German plants.

3 September 2026Tagblick Newsdesk

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Archive photo: VW supervisory board approves major job cuts and cost-saving measures — Archive photoPhoto: olegeno · Flickr · BY-SA

The supervisory board of Volkswagen has unanimously approved a restructuring plan proposed by management. This was seen as a surprising turn of events, as there had previously been a threat of escalating negotiations.

According to several reports, this plan includes the reduction of 50,000 jobs. This is part of cost-saving measures deemed necessary to ensure the company’s competitiveness.

The approved cuts could additionally endanger four German factories. The exact locations and timing of the closures have not been specified.

The management board, led by Oliver Blume, has been engaged in extensive considerations over the past few weeks to prepare the company for the future. The restructuring plan is a central component of this strategy.

Critical points remain unresolved, including the future of the core model Seat, which might also be affected. However, there are currently no final results on this matter.

The supervisory board's approval represents a significant step in Volkswagen's restructuring and aims to address the challenges of the market and the transition of the company into new technological fields.

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