The HRTech Wire

Volkswagen agrees to cut 100,000 jobs in restructuring plan

Volkswagen has finalized a restructuring plan — dubbed Future Plan 2030 — that will result in a total of 100,000 job cuts, representing roughly 15% of its global workforce, with four German plants facing potential closure by the end of the decade. The move is driven by competitive pressures from Chinese automakers and U.S. tariff costs.