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

Common.Time.minsAgo

Macro Sentiment Repeatedly Shifted, SHFE Zinc Saw Wide Swings [SMM Daily Zinc Review]

[Repeated Macro Sentiment Led to Wide Swings in SHFE Zinc]: The most-traded SHFE zinc 2604 contract opened at 24,370 yuan/mt. SHFE zinc briefly rose in early trading to a high of 24,460 yuan/mt, after which bulls reduced their open interest, and SHFE zinc fluctuated downward with its center moving lower, eventually closing down at 24,300 yuan/mt, down 85 yuan/mt, or 0.35%. Trading volume increased to 109,000 lots, while open interest fell by 1,494 lots to 74,220 lots.

Common.Time.minsAgo

Common.Time.hoursAgo

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

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