What is the main topic?

The main topic is Volkswagen's plan to cut over 35,000 jobs in Germany by 2030 as part of a union agreement to achieve efficiency gains.

Why is Volkswagen cutting jobs?

Volkswagen is cutting jobs to achieve more than €15 billion in efficiency gains by 2030.

How will the job cuts be implemented?

The job cuts will be implemented in a socially responsible manner as per the agreement with unions.

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Home > Finance > Volkswagen to cut more than 35,000 jobs in Germany by 2030

Finance

Volkswagen to cut more than 35,000 jobs in Germany by 2030

Published by Global Banking & Finance Review®

Posted on December 20, 2024

1 min read

Last updated: January 27, 2026

Restructuring agreement announcement for BayWa amidst financial challenges - Global Banking & Finance Review — The image depicts BayWa's headquarters in Munich as the company announces its restructuring agreement until 2027, addressing financial losses and job cuts.

Volkswagen to cut more than 35,000 jobs in Germany by 2030

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Volkswagen to Reduce Workforce by 35,000 Jobs in Germany

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