Volkswagen to Double Job Cuts to 100,000 as Board Meets This Week

Volkswagen will formally propose cutting 100,000 jobs by 2030—double the earlier estimate—when its supervisory board meets July 9 in Wolfsburg. The plan includes plant closures and contractions. VW's works council, IG Metall union, and Lower Saxony state—which holds veto power under VW's governance structure—have pledged resistance. The cuts would affect roughly one-tenth of VW's global workforce, mirroring broader European overcapacity: the continent has 5 million excess vehicle production slots annually.