Volkswagen's supervisory board will review on July 9 a plan to double job cuts to 100,000 positions and close four factories in Germany. Spanish plants remain unaffected due to investments in electric vehicles.
Volkswagen is studying the elimination of up to 100,000 jobs worldwide, double the 50,000 already agreed with unions through 2030. The plan includes closing the Volkswagen plants in Hannover, Zwickau and Emden, plus the Audi plant in Neckarsulm.
These sites employ more than 45,000 workers. The supervisory board will debate the proposal driven by chief executive Oliver Blume on July 9.
In Spain, the Martorell and Landaben plants remain unaffected. The group has invested 10 billion euros to produce the Cupra Raval, VW ID. Polo, VW ID. Cross and Skoda Epiq models there.
SEAT and Cupra chief executive Markus Haupt has stated that no workforce adjustments are planned in the country. The group spokesperson noted that the entire company must undergo deep change to restore profitability.
