Volkswagen Group CEO Oliver Blume has announced that the company is considering deeper restructuring measures, which could include closing four factories and cutting up to 100,000 jobs worldwide. Blume cited significant industry pressures, including the transition to electric mobility and geopolitical risks. While there is currently no indication that the Autoeuropa plant in Palmela will be affected, the announcement has triggered protests.
Volkswagen considers global job cuts and factory closures
Tuesday, 25 August 2026AI summary
4 sources
- Volkswagen admits to new austerity measures amid scenario of up to 100,000 job cutsmotor24.pt ·
- Volkswagen admits new cost-cutting measures amid over 100,000 job cutsexpresso.pt ·
- Volkswagen: 100,000 jobs at risk and factories to closeobservador.pt ·
- Portugal shares higher at close of trade; PSI up 0.57% By Investing.comInvesting.com UK ·
