Key facts
- Volkswagen management informed employee representatives that current job reduction plans are insufficient.
- The company is considering shutting four German factories.
- Volkswagen is reportedly considering cutting up to 100,000 jobs.
- Volkswagen plans to end its automated driving collaboration with Bosch.
- The partnership with Bosch was launched in 2022.
- The partnership with Bosch reportedly failed to meet expectations.
- The partnership with Bosch is set to be terminated according to contract terms.
Volkswagen's management has communicated to employee representatives that current plans for job reductions are insufficient, according to a works council note. The company is reportedly exploring substantial workforce adjustments, including the potential closure of four German factories and a reduction of up to 100,000 jobs. This indicates a significant push for further cost-saving measures beyond previously agreed-upon employment terms.