Volkswagen's supervisory board has approved a transformation plan for the group, which could lead to up to 50,000 job cuts across the group. This was reported by Qazaqyia.kz citing Reuters.
The plan is aimed at structural changes in the company and was adopted at a board meeting on September 3, 2026. According to Reuters, the cuts could affect various divisions of the group.
This decision is made to increase Volkswagen's competitiveness in the future and optimize costs. The company is facing difficulties in the global automotive market, including the transition to electric vehicles and rising raw material prices.
The transformation plan is seen as part of the company's long-term strategy. The exact number of cuts and timing are not yet known, but according to Reuters, 50,000 jobs could be cut.
Volkswagen's management says these measures will help improve the company's efficiency and continue investments in new technologies. However, there may be opposition from trade unions and workers, as the cuts will lead to job losses.
As Reuters reports, this decision could be one of the largest overhauls in the company's history. Volkswagen is one of the world's largest car manufacturers, and these changes are likely to impact the global market.
According to additional information, the plan is designed for several years and will be implemented in stages. Company representatives have promised to take measures to mitigate the social consequences of the cuts.
This news is widely discussed in global media, as Volkswagen's decision reflects global changes in the automotive industry.