Volkswagen is preparing for a sweeping restructuring that could eliminate up to 100,000 jobs globally and shutter four of its German production plants, according to reports citing confidential documents.
The scale of the planned cuts marks a significant escalation in the automaker’s efforts to address what internal leadership describes as an existential crisis.
The reports, first detailed by Manager Magazin and picked up by Swiss outlet Blick, indicate that CEO Oliver Blume is pushing for immediate action.
The proposed measures go beyond previous cost-saving initiatives, signaling a fundamental shift in the company’s operational strategy.
The potential closure of multiple facilities in Germany, the heartland of VW’s manufacturing, underscores the severity of the financial pressures facing the group.
Internal consensus appears to be forming around the necessity of these drastic measures.