GoKawiilVolkswagen locks in 50,000 job cuts under 'Future Plan 2030'
Volkswagen's Executive Board has formally approved a restructuring program dubbed Future Plan 2030, confirming it will eliminate 50,000 jobs, including management positions, to hit a nine percent operating margin target by 2030. The plan also involves halving its model lineup, cutting product complexity by 75 percent, and reportedly retiring the Seat brand while keeping Cupra. Volkswagen says European factories are running over 500,000 units above demand, and it will decide the fate of plants in Emden, Zwickau, Hanover and Neckarsulm by mid-2027.