Volkswagen will cut 50,000 more jobs, half in Germany and the rest in Europe
The German car group Volkswagen, which owns VW, Seat and the Cupra, Audi and Porsche brands, will cut 50,000 more jobs until 2030, half in Germany and half in other European countries.
The Volkswagen group is in crisis dueto strong competition from Chinese manufacturers in Europe, declining sales in China and tariffs in the United States.
Volkswagen, which had about 680,000 employees in 2023, including China's risk-sharing companies, announced in December 2024 the first cut of 50,000 jobs in Germany until 2030, especially in its leading VW brand.
It has now decided to cut another 50,000 jobs because its production capacity in Europe exceeds demand by more than 500,000 units.
The largest European car manufacturer also wants to halve the number of models.
Uncertainty in the future of the Seat brand
On the other hand, Seat and the Volkswagen group have claimed on Fridaythe "solid future" of Se at S.A. within the German consortium, although they have acknowledged that they do not rule out deleting the Spanish brand from 2030, although they have stressed that " no decision has yet been made ".
In this regard, Volkswagen CEO Oliver Blume has highlighted the company's transformation capacity, the "solid industrial base" of the Martorell plant in Catalonia, and the "unstoppable growth" of the Cupra.
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