Volkswagen to slash 50,000 jobs by 2030 amid 'challenging market environment'
Volkswagen has announced plans to slash 50 000 jobs before the end of the decade in a major cost cutting exercise as it acknowledged a "challenging environment". The German manufacturing giant recorded €321. 6billion) in sales revenue in 2025, which remained largely stable year on year. Its operating profit declined from €19. 7billion), which VW attributed to the impact of President Donald Trump s tariffs in the United States
Volkswagen has announced plans to slash 50 000 jobs before the end of the decade in a major cost cutting exercise as it acknowledged a "challenging environment". The German manufacturing giant recorded €321. 6billion) in sales revenue in 2025, which remained largely stable year on year. Its operating profit declined from €19. 7billion), which VW attributed to the impact of President Donald Trump s tariffs in the United States
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