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Volkswagen to cut up to 100,000 jobs

Oliver Blume Magazin Berlin Volkswagen

A Volkswagen car delivery tower at the German carmaker's plant in Wolfsburg, Germany, on Nov 21, 2025. (Photo: Reuters)

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.

The magazine also said Blume intends to ⁠reduce investment by around 15% to just over €130 billion (US$148 billion) over the next five years.

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