At Volkswagen's Wolfsburg plant, brand chief Thomas Schäfer delivered a stark message to workers already bracing for change: the pace of restructuring must quicken, not slow. The company's plan to eliminate 35,000 jobs globally by 2030 reflects a broader reckoning facing German industry — squeezed between Chinese competition, high energy costs, American tariffs, and softening demand at home. This moment arrives as Germany itself navigates political uncertainty following weekend elections, meaning the weight of these decisions will fall on a government still taking shape. What unfolds in Wolfsb
VW accelerates cost cuts as German politics shifts left
Volkswagen plans to cut approximately 35,000 jobs globally by 2030, with 28,800 positions already agreed to be eliminated in Germany.