The Latest Breaking News from Oliver Blume

Volkswagen Will Shed Tens Of Thousands Of Jobs In a Large Restructuring Plan. It Will Spend Billions On It.

The company estimates that the cost of implementing the plan will amount to some €16 billion.

International Business Times · Sep 10

Jaguar Land Rover To Shed Thousands Of Jobs To Cut Spending As Challenges Mount

The company is planning to offer voluntary redundancies to as many as 4,000 people, according to a new report.

International Business Times · Sep 7

Volkswagen Will Shed Tens Of Thousands More Jobs. Its Stock Jumped.

The company will now shed 100,000 jobs.

International Business Times · Sep 4

Volkswagen Will Cut 50,000 Jobs And Slash Half Its Models By 2035

Future Plan 2030 slashes 50,000 additional jobs and half the lineup by 2035, reshaping Volkswagen Group plants and model choices for drivers.

Motor1 · Sep 4

Volkswagen to cut further 50,000 jobs as it ends row with union over revival plan

Under-pressure carmaker will shed 15% of workforce and halve its product line in sector’s biggest ever restructure

The Guardian - UK · Sep 3

Volkswagen Rumored To Close Four German Plants, 140,000 Jobs At Risk

EVs like the Volkswagen ID.4, ID.7 and Audi Q4 E-Tron could shift to lower-cost plants abroad, reshaping availability and pricing.

Motor1 · Sep 3

50,000 Volkswagen jobs could be at risk — and thousands of angry workers are pushing back against the CEO's plan

Volkswagen employees express significant concerns over proposed job reductions and factory shutdowns as CEO Oliver Blume unveils restructuring strategies in response to intensified competition and dwindling demand. The company may cut up to fifty thousand positions while striving for cost efficiency. Labor representatives underscore the vital significance of German plants…

The Economic Times · Aug 26

Volkswagen Is Planning To Shed Tens Of Thousands Of Jobs. Its CEO Says Cost Cutting 'Is Not Over'

"We not only measure ourselves ​against our own past performance. We measure ourselves ⁠against the best locations in Europe," Oliver Blume said.

International Business Times · Aug 26

VW workers boo boss as he urges them to ‘pull together’ amid job cuts

Oliver Blume faces workforce at German HQ as carmaker struggles against Chinese competition and US tariffs

The Guardian - UK · Aug 25

Volkswagen workers condemn ‘disastrous’ communication over job cuts

Employees have criticised Volkswagen’s management as the German carmaker considers further job cuts and the future of several plants.

Euronews · Aug 24