Enormous challenges | Volkswagen Group eyes up a further 50,000 job cuts under its Future Plan 2030

Automotive giant Volkswagen has announced its intentions to reduce its workforce by a further 50,000 employees.

The firm cited intensifying global competition, shifting demand and technological change as the primary drivers in the decision.

The Volkswagen Supervisory Board noted: “A consistent alignment of workforce capacity with economic reality is essential. According to the analysis underlying the Future Plan 2030, a Group-wide workforce adjustment of approximately 50,000 positions – including management roles – will be necessary.”

This dramatic reduction follows a similar notice from March, wherein the Supervisory Board announced 50,000 proposed cuts, as the business pivots to streamlining its model portfolio and reducing its offer complexity.