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Volkswagen Group considers closing four factories and reducing workforce

Volkswagen Group is considering closing up to four factories in Germany and reducing its workforce by 15 percent. The automaker reported a significant drop in profits and has already planned to cut 50,000 jobs by 2030, with reports indicating that job losses may increase. Sales of electric vehicles in Europe were strong, but overall sales in North America and China have fallen.

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Volkswagen Group

Volkswagen Group is evaluating the potential closure of up to four factories in Germany and a workforce reduction of 15 percent. In 2025, the company reported flat sales, while profits decreased by 44 percent to 6.9 billion euros ($7.9 billion), with operating margins more than halving. The company has previously announced plans to cut 50,000 jobs in Germany by 2030 as part of its adaptation strategy. A report from Manager Magazin suggests that the number of job losses could potentially double. Although Volkswagen performed well in electric vehicle sales in Europe, sales in North America and China have declined, influenced by tariffs.

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VW may close four factories to adapt to the future, report says

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Volkswagen Group considers closing four factories and reducing workforce