Browsing Tag
Arno Antlitz
2 posts
Volkswagen cuts 2026 margin to 1% as €10bn charges expose restructuring cost
Volkswagen has slashed its 2026 operating-margin forecast from 4%–5.5% to no more than 1% after identifying approximately €10 billion of special charges, including a €6 billion Porsche goodwill impairment and additional restructuring costs across Germany and China.
Volkswagen already planned 50,000 job cuts, so why is Oliver Blume reportedly targeting 100,000 now?
Volkswagen is reportedly considering up to 100,000 global job cuts, four German plant closures and a 15% investment reduction, potentially transforming Europe’s largest automaker into a smaller, more decentralised and financially disciplined industrial group.