VW to cut 50,000 German jobs by 2030 amid profit slump
TL;DR Summary
Volkswagen will cut about 50,000 jobs in Germany by 2030 across the group (including Audi and Porsche) after posting a 44% drop in post-tax profits to €6.9bn in 2025, pressured by US tariffs, competition from China, and high EV-shift costs; the company says further cost cuts are needed even as it anticipates a recovery and targets a 2026 core margin of 4–5.5%.
- Volkswagen to cut 50,000 jobs as profits drop BBC
- VW Group operating profit slumps 54% in 2025 as tariffs, China competition bite Automotive News
- VW to cut 50,000 jobs amid Trump tariffs and falling Chinese sales The Guardian
- VW Targets More Savings to Keep Up With Intense Competition Bloomberg.com
- Volkswagen Group strengthens financial resilience in 2025 – strong fourth quarter in a challenging environment Volkswagen Group
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