Volkswagen to cut 50,000 jobs as profits drop
Europe's largest carmaker said post-tax profits had fallen by around 44% in 2025. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Volkswagen has announced plans to cut 50,000 jobs in Germany by 2030 as its profits have dropped to their lowest point since 2016.
- Net profit after tax fell from €12.4bn to €6.9bn in 2025.
- The cuts will affect the Volkswagen Group, including brands like Audi and Porsche, under the direction of Chief Executive Oliver Blume.
- Factors contributing to the downturn include US import tariffs, intense competition from China, and high restructuring costs for the shift to electric vehicles.
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Volkswagen to cut 50,000 jobs as profits drop - March 2026
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