VW CEO outlines 50,000 more job cuts
July 13, 2026 9:10 am, EDT Electric van assembly at the Volkswagen plant in Hanover, Germany. (Kriztian Bocci/Bloomberg) key takeaways: Volkswagen CEO Oliver Blume outlined plans to cut an additional 50,000 jobs globally as part of broader cost cuts. The move reflects pressure from nearly 20% higher overheads at rivals and weak demand in China