Volkswagen employees are returning from their summer holidays to a deepening crisis at the German automaker, with a supervisory board meeting in Wolfsburg set to discuss a drastic restructuring proposal.
The plan, which has sparked intense internal debate, could result in the elimination of up to 100,000 jobs globally and the closure of four production facilities within Germany.
The scale of the proposed cuts represents one of the most significant industrial restructuring efforts in European history.
According to reports citing confidential documents, the supervisory board is weighing the necessity of these measures against the backdrop of Volkswagen’s ongoing financial struggles and the competitive pressures of the electric vehicle transition.
The proposal aims to drastically reduce the company’s cost base to ensure long-term viability.
The atmosphere at Volkswagen’s sites remains highly charged as workers prepare for their return.