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Home > Finance > Volkswagen cuts headcount by 7,000, reduces factory costs at key VW brand

Finance

Volkswagen cuts headcount by 7,000, reduces factory costs at key VW brand

Published by Global Banking and Finance Review

Posted on April 30, 2025

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(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)

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