Factory Closures News

6 Sept 202612:10 am

Business6 Sept 2026 · 12:10 am12:10 am

Volkswagen Shares Jump 6% After Board Approves Plan to Cut 50,000 Jobs and Phase Out Four Factories

Volkswagen shares jumped 6% after its board approved a major cost-cutting plan, including reducing its workforce by 50,000, phasing out four German factories, a

4 Sept 20266:21 pm

Automotive4 Sept 2026 · 6:21 pm6:21 pm

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Volkswagen to Cut 50,000 Jobs as Part of Transformation Program

The Volkswagen Group has announced a 'transformation program' that includes cutting 50,000 jobs, along with potential factory closures and brand shutdowns, as p

14 Jul 20261:47 am

Business14 Jul 2026 · 1:47 am1:47 am

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VW Chief Confirms Plan to Cut 50,000 Jobs Despite Board Rejecting Plant Closures

Volkswagen CEO Oliver Blume confirmed plans to cut 50,000 jobs as part of a comprehensive restructuring, despite the supervisory board rejecting his proposal to

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