Overview
- The supervisory board unanimously approved the Future Plan 2030 on Thursday, authorizing about 50,000 additional job cuts as an incremental add to earlier reductions.
- The plan sets group targets of 9 million vehicles and a 9% operating margin by 2030 while earmarking €135 billion for capital and research from 2027 to 2031.
- Volkswagen will sharply trim complexity by halving its model range by 2035 and cutting many optional features to lower costs and speed development.
- The company formally placed Emden, Zwickau, Hanover and Neckarsulm on notice for possible wind‑downs between 2031 and 2034 as it seeks to close a European capacity gap of over 500,000 units.
- Regional actions are already moving: Volkswagen India is accelerating a three‑year restructuring to cut about 12% of its staff with several hundred jobs expected to go by 2027, and unions and works councils must still be consulted on wider job and plant decisions.