- Aug 23
Volkswagen agrees to 100,000 job cuts and plant reviews under 2030 restructuring plan
The supervisory board approved a turnaround plan targeting a 9% operating margin by 2030, putting four German factories under review and halving the company model range by 2035.
- Aug 22
Volkswagen CEO Oliver Blume warns overhead costs exceed rivals by 30% as 50,000 job cuts loom
Volkswagen CEO Oliver Blume described the company's financial condition as critical in an internal interview, pointing to a 30% overhead cost disadvantage compared with competitors and uncertainty over four German production plants.
- Aug 4
Completion of dismantling hall for East German nuclear reactor parts delayed to 2027
The specialized hall in Lubmin for dismantling large components from former East German nuclear power plants will now be completed in 2027, with operations starting in 2028, two years later than previously planned.
