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German Volkswagen Group Announces Layoff of Thousands of Workers

June 18, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
German Volkswagen Group Announces Layoff of Thousands of Workers

Oliver Blume, Chairman of the Board and CEO of the Volkswagen Group, announced today, Thursday, during the company's annual general and expanded meeting, the group's move towards implementing an austerity plan and a strict strategy that involves gradually cutting about fifty thousand jobs by 2030. This surprising announcement has sparked a wave of concern and widespread controversy in economic and labor circles both within Germany and abroad, especially since the group is considered the backbone of the German economy based on the mechanical manufacturing sector and securing hundreds of thousands of jobs.

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