Volkswagen Group is bracing for more layoffs as CEO Oliver Blume outlines a cost-cutting plan to mitigate the impact of slumping sales in China and U.S. tariffs. In a move that could have far-reaching consequences for the German auto industry, Blume is reportedly considering the closure of up to four plants in the country, in addition to previously announced job cuts. The decision comes as Volkswagen struggles to navigate a complex global market, with declining demand in China and the added burden of U.S. tariffs on imported vehicles. As the company seeks to reduce costs and stay competitive, thousands of jobs are likely to be at risk in a move that could have significant implications for the German economy.
VW Group CEO Oliver Blume plans to cut additional jobs globally, potentially closing four German plants, in a bid to reduce costs amid slumping sales in China and U.S. tariffs.
