Volkswagen may cut up to 100,000 jobs as CEO warns of cost crisis

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Volkswagen CEO Oliver Blume has revealed in an internal memo that the automaker could eliminate up to 100,000 jobs across its workforce. The announcement adds 50,000 potential layoffs on top of the 50,000 already agreed upon. Blume cited a 20% cost disadvantage against competitors as a key driver behind the restructuring plans. The future of four German plants — Emden, Hanover, Zwickau, and Neckarsulm — remains uncertain, with VW unable to confirm their competitive viability. The memo comes amid worker protests that have already spread across 18 Volkswagen sites in Germany.

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