Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

EXPLAINED: Oliver blume | Rare Historical Photos

Consumer Tech (Jul 13-17): IBM Sees Worst Day On Record, Gemini 3.5 Pro Release Delayed, Uber Acquires Delivery Hero & More

President Donald Trump, hedge fund billionaire Bill Ackman and entrepreneur Anthony Pompliano criticized New York’s decision to temporarily halt approvals for new large-scale data centers.

Volkswagen workers to grill CEO on overhaul threatening 140,000 jobs, works council says

Volkswagen workers to grill CEO on overhaul threatening 140,000 jobs, works council says

Volkswagen's works council will host staff assemblies with CEO Oliver Blume in August. Workers can question him about plans that threaten up to 140,000 jobs. Blume has stated that 50,000 job cuts are underway to improve cost competitiveness. Plant closures after 2030 could endanger an additional 40,000 positions. Volkswagen declined…

The Economic Times

Volkswagen Warns of up to 100,000 Job Cuts: Why Analysts Are Calling It a Negotiating Tactic

Volkswagen Warns of up to 100,000 Job Cuts: Why Analysts Are Calling It a Negotiating Tactic

Volkswagen may cut up to 100,000 jobs globally as part of a major restructuring effort, driven by declining profits and increased competition. Analysts suggest this could be a negotiation tactic.

International Business Times UK

From analysis to the latest developments in health,
read the most diverse news in one place.

inkl

Volkswagen Group Internal Memo Reportedly Calls For Doubling Layoffs

CEO Oliver Blume told the staff a 'theoretical reduction' of another 50,000 jobs is under consideration.

Volkswagen is Fighting Rising Costs and Global Competition. Its CEO Says 100,000 People Could Be Laid Off To Reorganize

Volkswagen CEO Oliver Blume has warned employees that the German automotive giant may need to eliminate roughly 50,000 additional jobs on top of previously announced workforce reductions.

International Business Times

VW chief confirms plan to cut 50,000 jobs as board rejects plant closures

Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad support

The Guardian - UK

Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

Volkswagen's CEO revealed plans for up to 50,000 additional job cuts. This move aims to match rival automakers' competitiveness and reduce costs. The company faces tariff expenses and strong competition in China. Management is assessing necessary and feasible adjustments across all brands. Labor representatives reportedly blocked initial restructuring proposals from…

The Economic Times

inkl

Read news from The Economist, FT, and more,
with one subscription

VW Group Boss Admits The Real Problem: Its Cars Aren't Profitable Enough

VW Group Boss Admits The Real Problem: Its Cars Aren't Profitable Enough

Further cost-cutting measures are underway to turn things around.

Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs

Volkswagen’s CEO has indicated that he’s trying to avoid closing plants as he seeks to turn around the automaker’s performance

The Independent UK

Volkswagen unveils four-year plan but lacks backing for overhaul with up to 100,000 job cuts

Volkswagen unveils four-year plan but lacks backing for overhaul with up to 100,000 job cuts

Volkswagen's proposed restructuring plan failed to win backing from the labour bloc on the company's supervisory board on Thursday, leaving uncertainty over additional job cuts and factory closures. The carmaker nevertheless laid out plans to reduce production capacity and simplify its model range.

Volkswagen risks 'major conflict' with staff over cost-cutting drive, union warns

Volkswagen risks 'major conflict' with staff over cost-cutting drive, union warns

Chief Executive Oliver Blume is considering cutting 100,000 jobs worldwide, around 16% of Volkswagen's global workforce, and closing three Volkswagen plants in Germany as well as one Audi factory,

Volkswagen faces crunch talks over 100,000 job cuts and factory closures

Volkswagen faces crunch talks over 100,000 job cuts and factory closures

German auto giant Volkswagen's management meets Thursday to discuss plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

VW workers protest in Germany over proposed job cuts and factory closures

VW workers protest in Germany over proposed job cuts and factory closures

Demonstrations at 18 sites set up as radical transformation plan put to board of Europe’s biggest carmaker

The Guardian - UK

The Original Porsche Macan Goes Out Of Production This Month

The Original Porsche Macan Goes Out Of Production This Month

The last of the original Macan breed will roll off the line at the end of July.

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

Unions to protest as Volkswagen thrashes out job cut plans

German auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts. IG Metall is organising protests by VW workers outside plants across the country Thursday, when the carmaker's…

The Economic Times

What are the key issues in Volkswagen's restructuring efforts?

Volkswagen's board will meet July ninth to discuss a major transformation plan. This plan includes potential closures of four German plants and significant job cuts. The company is also reviewing its structure and may spin off business divisions. Management and labor representatives will likely begin months of talks on these…

Volkswagen Group Speaks Out On Reports It Could Sell Some Brands

It neither denies nor confirms plans to offload some of its companies.

VW Doesn't Deny It's Looking To Sell Ducati In Official Statement

A recent report states that financial advisors are telling Volkswagen to sell off Ducati in order to help its financial position. Volkswagen has now commented on the subject, but didn't deny the report or its contents.

Get all your
news in one place.

100's of premium titles.
One news app.

International Business Times UK

Volkswagen to Axe 100,000 Jobs and Close 4 German Plants in Desperate Bid to Survive Chinese EV Onslaught

Volkswagen is considering cutting 100,000 jobs and closing four German plants due to competition from Chinese EVs, soft European demand, and US tariffs, marking a significant restructuring effort.

Volkswagen to cut up to 100,000 jobs

BERLIN — Volkswagen CEO Oliver Blume aims to cut up to ‌100,000 jobs from the current workforce worldwide over the next few years and discontinue production at four of the group's German plants, Manager Magazin reported on Friday.

Up to 100,000 jobs and four plants: Volkswagen reportedly plans radical overhaul

Volkswagen is reportedly preparing what could become the most radical overhaul in its history. Up to 100,000 jobs could be cut worldwide, while four German plants could close.

The Economic Times

Volkswagen CEO aims to cut up to 100,000 jobs in next years: Report

Volkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closing four German plants. The company also aims to reduce investments by 15% over five years. These moves come as VW faces pressure from tariffs, Chinese competition, and the costly transition to…

Porsche Reflects On Its First Electric Car: 'Timing Wasn't Ideal'

The man in charge in Zuffenhausen believes the Taycan arrived too early for people to really appreciate it.

From cars to defence, Mercedes-Benz signals openness to military sector

While Germany’s automotive sector is coming under growing pressure, defence companies are increasingly eyeing its factories, skilled workers and industrial expertise.

Volkswagen Says Its Latest EVs Are 70-80% As Profitable As Gas Cars

VW's profit margins on EVs willl be slim until its next-generation SSP architecture arrives later this decade, its CFO said.

1 2 3 4 5

People

202,985 stories

Anthony Pompliano

Michael Leiters

From analysis to the latest developments in health,
read the most diverse news in one place.

inkl

Organisations

the Financial Times

inkl

Read news from The Economist, FT, and more,
with one subscription

Topics

Artificial Intelligence

Places

398,864 stories

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play