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News in English (USA) / 13.07.2026 / 22:00

Volkswagen Faces Major Restructuring Amid Job Cuts and Model Reductions

Volkswagen is undergoing a significant restructuring as it plans to cut up to 100,000 jobs globally, with CEO Oliver Blume indicating that an additional 50,000 job cuts may be necessary. Despite internal disagreements and a rejected proposal for major plant closures, the automaker is determined to halve its model lineup and shrink production capacity in response to steep declines in sales, particularly in the Chinese market. Vehicles like the Jetta, Taycan, and Porsche models are reportedly at risk as the VW Group seeks smarter solutions to navigate this crisis, amidst protests from workers over the proposed layoffs. The situation has raised concerns about the future viability of the company, with executives acknowledging that many models are not profitable enough. As VW grapples with these challenges, it appears poised for a drastic overhaul that could reshape its identity in the automotive industry.
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