Volkswagen chief executive Oliver Blume is pursuing a drastic restructuring plan that includes cutting up to 100,000 jobs and halting production at four German plants, according to reports from Manager Magazin.
The proposed measures represent the most significant operational overhaul in the automaker’s 89-year history, aiming to drastically reduce the company’s cost base amid intensifying global competition.
The plan, which has been circulating in confidential documents, targets a massive reduction in headcount and a consolidation of manufacturing footprint.
Closing four production sites in Germany would mark a severe contraction of the company’s domestic industrial presence, potentially reshaping the automotive landscape in key regions like Saxony and Lower Saxony.
The move underscores the urgency with which VW’s leadership is addressing margin pressure and the capital intensity of the electric vehicle transition.
This development follows earlier indications that Volkswagen was preparing for a sweeping restructuring.