Volkswagen’s board has approved a plan to cut a further 50,000 jobs, adding to a wider programme of reductions across the automotive group.
The group, which includes Audi, Porsche, Skoda and the VW brand, is planning to reduce its workforce by a total of 100,000 jobs by 2030.
The approval marks a significant step in the company’s job reduction plans, although the supplied information does not set out where the posts will be affected, which parts of the business will be included, or the timetable for individual cuts.
No further details were provided on the reasons for the planned reductions or on any response from workers, unions or national authorities.
The latest known position is that the board has backed the additional 50,000 job cuts as part of a plan that would take total reductions at the Volkswagen group to 100,000 by the end of the decade.
