Volkswagen declines to comment on reported job cuts

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June 26, 2026 4:08 AM EDT

FILE PHOTO: The Volkswagen logo is displayed on a vehicle during a media tour at Volkswagen Commercial Vehicles (Volkswagen Nutzfahrzeuge) in Hanover, Germany, March 4, 2026. REUTERS/Fabian Bimmer/File Photo

BERLIN, June ‌26 (Reuters) - ​Volkswagen ​on Friday declined to comment on ‌a report stating that it ⁠aims to slash up to ‌100,000 jobs from ‌its current workforce worldwide over the next few ​years.

"The relevant facts of the matter will ⁠be discussed and approved by the relevant ​bodies. We will not pre-empt this process," the ​group said in ‌a statement in response to a ⁠report from Manager Magazin.

"The Group Executive Board has repeatedly ⁠emphasised that our current business ​model no longer works for all brands in its present form," ‌it added, saying both the group ‌and the automotive industry ⁠were undergoing ‌a far-reaching ​transformation.

(Writing by Friederike Heine, Editing by Linda ‌Pasquini)


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