VW aims to cut 100,000 jobs and shutter plants
Volkswagen CEO Oliver Blume. (Kriztian Bocci/Bloomberg) June 26, 2026 11:00 am, EDT key takeaways: Volkswagen CEO Oliver Blume has reportedly proposed doubling job cuts to 100,000 and closing four German factories. The cuts aim to reduce overhead by 11 billion euros by 2030 amid tariffs, China weakness and increasing competition. Blume plans to present the