17:22 - 25.09.2026

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September 25, Fineko/abc.az. Volkswagen CEO Oliver Blume has secured stakeholder approval for his turnaround strategy, but now faces challenging negotiations in Germany regarding workforce reductions and plant closures.

Alongside domestic hurdles, the automaker is reassessing its US strategy to focus on profitable pick-up trucks and large SUVs, while deciding whether Audi should establish its own US production facility.

As part of the global restructuring, half of the planned 50,000 job cuts are expected to take place in Germany. Meanwhile, Volkswagen has already downsized its workforce in China from 90,000 to 70,000 employees to counter declining sales, with further capacity reductions of 500,000 vehicles slated for Chinese production.