Published by Global Banking & Finance Review®
Posted on April 30, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleVolkswagen has reduced its workforce by 7,000 in Germany and cut factory costs at the VW brand, as part of a cost-cutting drive initiated in late 2023.
(Reuters) - Volkswagen has cut headcount in Germany by around 7,000 since starting its cost-cutting drive in late 2023 and reduced factory costs at the key VW brand, its CFO said on Wednesday on a call following its first-quarter results.
"Rest assured that we continue to drive implementation of the agreed measures with full force," CFO Arno Antlitz said.
(Reporting by Victoria Waldersee, editing by Thomas Seythal)
The main topic is Volkswagen's reduction of its workforce by 7,000 in Germany and the associated cost-cutting measures at the VW brand.
Volkswagen cut jobs as part of a strategic cost-cutting drive to reduce factory costs and improve efficiency at the VW brand.
The job cuts were announced by Volkswagen's CFO, Arno Antlitz, during a call following the company's first-quarter results.
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