World : Volkswagen Boss Prefers 'Smarter Solutions' Over Factory Closures
According to Manager Magazin, up to 100,000 jobs could be cut worldwide - twice as many as previously planned
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Summary
Up to 100,000 jobs could be cut worldwide - twice as many as previously planned. Bild reported that the figure could even be as high as 120,000. Four of the Group’s plants in Germany are also under threat of closure including a factory operated by VW’s Audi subsidiary. — Bernama.
Furthermore, A general view shows the Zwickau plant of German carmaker Volkswagen (VW) in Zwickau, eastern Germany. — AFP pic First Published: Sunday, 12 Jul 2026 5:25 PM MYT BERLIN, July 12 — Volkswagen Group chief executive Oliver Blume said he believed the carmaker could avoid factory closures as it presses ahead with efforts to cut costs, reported German news agency dpa. “There are smarter solutions than closing plants,” Blume told the Bild am Sonntag newspaper in an interview published today. Which cites sources within the group, representatives of the workforce and the German state of Lower Saxony voted against the package. Details of the rejected package have so far emerged only through media reports.
In addition, "We were able to reduce our factory costs in Germany by an average of 20% last year alone. Amid cost-cutting push, Volkswagen CEO says there are ‘smarter solutions’ than closing factories. A cost-cutting programme at Volkswagen's German production sites was already delivering results, he said.
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Up to 100,000 jobs could be cut worldwide - twice as many as previously planned.
reliability moderate2/2 sourcesBild reported that the figure could even be as high as 120,000.
reliability moderate2/2 sourcesFour of the Group’s plants in Germany are also under threat of closure including a factory operated by VW’s Audi subsidiary. — Bernama-dpa
reliability moderate2/2 sourcesA general view shows the Zwickau plant of German carmaker Volkswagen (VW) in Zwickau, eastern Germany. — AFP pic First Published: Sunday, 12 Jul 2026 5:25 PM MYT BERLIN, July 12 — Volkswagen Group chief executive Oliver Blume said he believed the carmaker could avoid factory closures as it presses ahead with efforts to cut costs, reported German news agency dpa. “There are smarter solutions than closing plants,” Blume told the Bild am Sonntag newspaper in an interview published today.
reliability moderate2/2 sourcesWhich cites sources within the group, representatives of the workforce and the German state of Lower Saxony voted against the package.
reliability moderate2/2 sourcesDetails of the rejected package have so far emerged only through media reports.
reliability moderate2/2 sources
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"We were able to reduce our factory costs in Germany by an average of 20% last year alone.
according to BernamaA cost-cutting programme at Volkswagen’s German production sites was already delivering results, he said. “We were able to reduce our factory costs in Germany by an average of 20 per cent last year alone.
according to Malay MailAmid cost-cutting push, Volkswagen CEO says there are ‘smarter solutions’ than closing factories.
according to Malay MailA cost-cutting programme at Volkswagen's German production sites was already delivering results, he said.
according to Bernama
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