19/06/2026
Volkswagen has confirmed more than 28,000 "employee departures" — with the total potentially reaching 50,000 in Germany by 2030.
Europe's largest automaker is under serious pressure: falling global demand, intensifying Chinese competition, a slower-than-expected EV transition, and a 3.3% operating margin in Q1 2026.
→ 28,000+ departures confirmed, up from 25,000 disclosed late last year
→ Production capacity being cut from 12 million to 9 million units globally
→ €6 billion in annual savings targeted by 2030 — €1 billion already delivered
→ Revenue down 2%, operating profit down 14% in Q1 2026
For anyone in the OEM or supply chain space, the scale of this restructuring is significant. The question isn't whether the industry is changing — it's how fast, and who's positioning well for it.
https://www.goauto.com.au/news/volkswagen/volkswagen-to-axe-28-000-european-jobs/2026-06-17/99543.html