Volkswagen Group announces 'Future Plan 2030' with significant workforce and model reductions
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Volkswagen Group, Oliver Blume
Germany
September 3, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 29/4/2026, 4:20:46 AM
Volkswagen Group to cut 50,000 jobs and halve its model range by 2035. CEO Oliver Blume describes the company's situation as 'more than critical'. Investment of 135 billion euros planned for 2027-2031 to improve efficiency and competitiveness.
- Earlier version 19/4/2026, 2:00:47 AM
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