Volkswagen #VW #Germany #JobCuts #AutoIndustry #ElectricVehicles #CostCutting #Restructuring #FactoryClosures #BusinessCosts #EnergyCrisis #LaborMarket #ChineseMarket #EVTransition #AutoManufacturing #GlobalEconomy #RulingGovernment #ResearchAndDevelopment #ManagerMagazine #FarLeftGovernment #EconomicChallenges

Volkswagen (#VW) could cut up to 30,000 jobs in Germany as part of a major restructuring effort, according to a report from Manager Magazine. The auto giant, struggling with a downturn in sales, especially in the transition to electric vehicles, is planning aggressive cost-cutting measures. Even its 13,000 employees in research and development are likely to be affected, with 4,000 to 6,000 potential layoffs. Investments could be slashed by up to €20 billion in the medium term.

The anticipated job cuts are far more drastic than earlier hints, though VW has not officially confirmed the 30,000 figure. Earlier reports suggested the company was also considering historic factory closures due to rising business costs, including energy, labor, and logistical challenges.

Volkswagen’s chief financial officer, Arno Anlitz, admitted that the company is no longer selling enough cars and that two plants may face closure. This development poses a serious challenge to Germany’s far-left government, already struggling in the polls.

VW’s difficulties reflect broader industry trends, as the company faces competition in key markets like China, where domestic brands have dominated the EV space, and continues to wrestle with the complexities of transitioning to electric vehicles.