Volkswagen Is Expected to Cut 50,000 Jobs in Germany Before 2030

Published: Mar 12, 2026 11:58

Save

[Volkswagen Plans to Cut 50,000 Jobs in Germany by 2030] Volkswagen Group also announced on March 10 that it is expected to cut 50,000 jobs by 2030, mainly affecting employees in Germany and covering all brands under the group, including Volkswagen, Audi, Porsche, and Skoda. The latest layoff figure increased by about 43 compared with the company's previously announced 35,000 job cuts.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

Data: SHFE, DCE market movement (Mar 12)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 Mar , 2026

1 min ago

Common.Time.hoursAgo

Volkswagen’s Operating Profit Plunged 53% in 2025, With 2026 Still Looking Grim

[Volkswagen Group's 2025 Operating Profit Plunged 53%] Germany's Volkswagen Group announced on March 10 that group revenue in 2025 was 322 billion euros, almost stable compared with 324.7 billion euros in 2024; however, operating profit plunged 53% YoY from 2024 to 8.9 billion euros, mainly due to US tariff policies, exchange-rate fluctuations, and strategic adjustments at Porsche, one of its subsidiaries. Volkswagen Group said that, as US tariff issues and competitive pressure in China still persisted, it expected to continue facing a severe situation in 2026. Revenue this year was expected to edge up by 0% to 3%, with the operating margin at between 4% and 5.5%.

Common.Time.hoursAgo

SHFE Zinc Center Moved Lower; Focus on Today's Inventory Performance [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] The most-traded SHFE zinc 2604 contract opened lower with a gap at 24,245 yuan/mt. In early trading, SHFE zinc fluctuated and dipped to 24,095 yuan/mt. Subsequently, as bears reduced open interest, SHFE zinc gradually rose above the daily average line, touched a high of 24,385 yuan/mt near the close, and finally closed down at 24,375 yuan/mt, down 10 yuan/mt, or 0.04%. Trading volume decreased to 54,485 lots, and open interest increased by 94 lots to 74,314 lots.

Common.Time.hoursAgo