CNBC
Volkswagen braces for boardroom showdown over historic cost-cutting plan
Thursday, July 2, 2026
Volkswagen's supervisory board is set to meet regarding a proposal to close four factories and reduce its workforce by 100,000 positions, according to Reuters. The company has not yet confirmed details of the plan. A final decision on the proposal has not been announced.
Original reporting: https://www.cnbc.com/2026/07/02/volkswagen-vw-job-cuts-germany-autos.html