Germany’s Volkswagen warns of further global job cuts
PUBLISHED Jul 13, 2026, 2:01 PM ET
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Volkswagen Group CEO Oliver Blume has warned staff that the carmaker may need to cut up to 50,000 additional jobs worldwide, according to an internal memo dated July 13, 2026 and seen by multiple media outlets. The potential reductions would come on top of a previously agreed plan to eliminate 50,000 positions across the group, meaning as many as 100,000 jobs could ultimately be affected. Blume wrote that Volkswagen faces a roughly 20% cost competitiveness gap versus key global rivals, especially rapidly growing Chinese electric vehicle manufacturers, and said comprehensive reviews are under way across all brands and regions to determine feasible restructuring measures.
By Emily Rhodes | JQJO News
Timeline of Events
- Previously Volkswagen approves 50,000 job reductions
- Recent years Chinese EV makers gain share
- Earlier this year cost gap analysis completed
- July 13, 2026 Blume issues internal memo
- July 13, 2026 memo cites 20% cost disadvantage
- July 13, 2026 up to 50,000 extra cuts floated
- After memo comprehensive brandwide review begins
- In coming months restructuring plan expected finalized
News Intelligence
- If you own Volkswagen stock or work in the auto industry, this is a big deal. Job cuts often mean a company is struggling. And if you're eyeing an electric vehicle, competition is heating up. That could mean better prices and options.
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