Volkswagen Secures 20,000 Voluntary Redundancies in Germany, Bloomberg Says

Dow Jones

Jun 03, 2025

--Volkswagen said about 20,000 employees will voluntarily leave the company by the end of the decade as the carmaker restructures its German operations, Bloomberg says, citing officials' conversations with employees.

--The departures, by 2030, have been contractually agreed, Bloomberg says, citing Volkswagen's head of human relations who spoke to employees Tuesday.

--Workers at the company's Wolfsburg plant also heard from the VW brand's Chief Financial Officer David Powels, who said the company needed to address "excessive investment, low returns on electric vehicles and a break-even point that is too high," according to Bloomberg.

Full story: https://tinyurl.com/3xbvfnpt

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

June 03, 2025 09:26 ET (13:26 GMT)

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