{"id":2036838,"date":"2026-07-10T07:35:21","date_gmt":"2026-07-10T04:35:21","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2036838"},"modified":"2026-07-10T07:35:21","modified_gmt":"2026-07-10T04:35:21","slug":"volkswagen-unveils-four-year-plan-but-lacks-backing-for-overhaul-with-up-to-100000-job-cuts","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2036838","title":{"rendered":"Volkswagen unveils four-year plan but lacks backing for overhaul with up to 100,000 job cuts"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/83\/29\/41\/1200x675_cmsv2_eaeac022-391a-577b-a720-86910204b539-9832941.jpg&#8221;]<\/p>\n<article id=\"abe-2908915-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2908915\" data-cid=\"9833776\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908915-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/37\/76\/189x106_cmsv2_60215ec6-3d48-5a7f-a8f4-1f5ca7efe088-9833776.jpg\" loading=\"lazy\" alt=\"Oasis fans gather for the first reunion concert on 4 July 2025 in Cardiff \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Travel News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Oasis and Glasto effect: A record year for UK music tourism in 2025\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908782-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2908782\" data-cid=\"9833021\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908782-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/30\/21\/189x106_cmsv2_5d23850f-c39b-5e40-b05f-eecb40c86e59-9833021.jpg\" loading=\"lazy\" alt=\"Burned vehicles following firebomb attacks that apparently targeted members of Greece&apos;s governing New Democracy party in Thessaloniki, 1 July, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Greek anti-terror police arrest three after blast kills woman\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908827-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2908827\" data-cid=\"9833367\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908827-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/33\/67\/189x106_cmsv2_e7200982-f4a3-5037-9200-211aceadbdc5-9833367.jpg\" loading=\"lazy\" alt=\"Ukraine will soon be able to open a new accession cluster.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    EU agrees to open new accession phase with Ukraine and Moldova\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908897-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2908897\" data-cid=\"9833697\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908897-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/36\/97\/189x106_cmsv2_d7e91da9-d775-57a2-bd4d-aae32c74f4da-9833697.jpg\" loading=\"lazy\" alt=\"A Reform UK political sign put up by the householder to show support ahead of local council elections in London, 6 May, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Met Police investigating donations to Reform UK party, media says\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908915-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2908915\" data-cid=\"9833776\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908915-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/37\/76\/189x106_cmsv2_60215ec6-3d48-5a7f-a8f4-1f5ca7efe088-9833776.jpg\" loading=\"lazy\" alt=\"Oasis fans gather for the first reunion concert on 4 July 2025 in Cardiff \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Travel News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Oasis and Glasto effect: A record year for UK music tourism in 2025\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908782-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2908782\" data-cid=\"9833021\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908782-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/30\/21\/189x106_cmsv2_5d23850f-c39b-5e40-b05f-eecb40c86e59-9833021.jpg\" loading=\"lazy\" alt=\"Burned vehicles following firebomb attacks that apparently targeted members of Greece&apos;s governing New Democracy party in Thessaloniki, 1 July, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Greek anti-terror police arrest three after blast kills woman\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908827-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2908827\" data-cid=\"9833367\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908827-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/33\/67\/189x106_cmsv2_e7200982-f4a3-5037-9200-211aceadbdc5-9833367.jpg\" loading=\"lazy\" alt=\"Ukraine will soon be able to open a new accession cluster.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    EU agrees to open new accession phase with Ukraine and Moldova\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908897-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2908897\" data-cid=\"9833697\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908897-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/36\/97\/189x106_cmsv2_d7e91da9-d775-57a2-bd4d-aae32c74f4da-9833697.jpg\" loading=\"lazy\" alt=\"A Reform UK political sign put up by the householder to show support ahead of local council elections in London, 6 May, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Met Police investigating donations to Reform UK party, media says\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Business<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            Volkswagen unveils four-year plan but lacks backing for overhaul with up to 100,000 job cuts<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/29\/41\/1536x864_cmsv2_eaeac022-391a-577b-a720-86910204b539-9832941.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"Workers stage a protest in front of the Volkswagen plant in Zwickau, Germany, Thursday, 9 July 2026. \"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              Workers stage a protest in front of the Volkswagen plant in Zwickau, Germany, Thursday, 9 July 2026.<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">Jan Woitas\/dpa via AP<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0Jan Woitas\/dpa via AP\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspDoloresz Katanich\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1783668921\">\n                    Published on                 <time datetime=\"2026-07-10 09:35:21 +02:00\">10\/07\/2026 &#8211; 9:35 GMT+2<\/time><span class=\"c-article-publication-date__bullet\">\u2022<\/span>Updated<br \/>\n                                     <time datetime=\"13:20\">13:20<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label 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class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<div class=\"c-article-share-comment-popup__content__embed_container u-display-none\"><span class=\"c-article-share-comment-popup__content__embed__tooltip\"><br \/>\n                            Copy\/paste the article video embed link below:<br \/>\n                        <\/span><span class=\"c-article-share-comment-popup__content__embed u-display-flex\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/icon-copy-to-clipboard.svg\" width=\"16\" height=\"16\" alt=\"Copy to clipboard\" class=\"u-cursor-pointer js-c-article-share-comment-copy\" loading=\"lazy\"><span class=\"c-article-share-comment-popup__content__embed--success-copied u-display-none js-c-article-share-comment-video-embed-success-link-copied\"><br \/>\n                                Copied<br \/>\n                            <\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        Volkswagen&#8217;s proposed restructuring plan failed to win backing from the labour bloc on the company&#8217;s supervisory board on Thursday, leaving uncertainty over additional job cuts and factory closures. The carmaker nevertheless laid out plans to reduce production capacity and simplify its model range.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>Volkswagen&#8217;s labour representatives on the supervisory board blocked a sweeping restructuring plan at a meeting on Thursday, Reuters reported on Friday, citing company sources. <\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>This comes as Europe&#8217;s largest carmaker wrestles with falling profits, rising costs and competition. Volkswagen said on Friday that its global vehicle deliveries fell 8.6% year on year in the second quarter, a steeper decline than in the previous quarter.<\/p>\n<p>The company&#8217;s share price was down by 0.6% around noon in Europe. The focus, however, remained on the restructuring proposals that divided the supervisory board.<\/p>\n<p>As the board met at Volkswagen\u2019s headquarters in Wolfsburg on Thursday, IG Metall, one of Germany\u2019s largest trade unions, organised coordinated protests across the country to stop a plan that reportedly includes up to 100,000 job cuts worldwide \u2014 more than 15% of its workforce \u2014 and closing four plants in Germany: Volkswagen factories in Hanover, Emden and Zwickau, as well as Audi&#8217;s Neckarsulm plant.<\/p>\n<p>According to Reuters, citing unnamed company sources, these measures were rejected by the supervisory board on Thursday, which includes labour representatives and representatives of the state of Lower Saxony. The committee voted against management&#8217;s proposed restructuring by 12 to seven, after opposition from labour representatives.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Volkswagen profit drops as carmaker signals further cost cuts<\/li>\n<li class=\"c-widget-related__item\">Volkswagen faces crunch talks over 100,000 job cuts and factory closures<\/li>\n<\/ul>\n<\/div>\n<p>Volkswagen \u2060made no mention of possible job cuts or plant closures late on Thursday. Instead, after the meeting, Volkswagen unveiled its strategy through to 2030, including plans to halve the number of models it offers and reduce the number of vehicle variants by as much as 75% in an effort to cut costs and complexity, measures that did not require the approval of the supervisory board. <\/p>\n<p>Volkswagen said it would reduce annual production capacity to around 9 million vehicles to respond to \u201csharply intensified competition\u201d. That compares with capacity of around 12 million vehicles before the Covid-19 pandemic and about 10 million today.<\/p>\n<p>Other measures include tailoring products and technology more closely to regional markets, aligning production capacity to match demand, and simplifying the group\u2019s corporate structure and investment portfolio.<\/p>\n<p>Volkswagen chief executive Oliver Blume said in a video statement that \u201cthe global situation has deteriorated over the past 12 months\u201d, pointing to geopolitical tensions, tariffs, high costs, increasing regulation and intensifying global competition.<\/p>\n<p>He also said Volkswagen needed to \u201cget rid of excess capacity\u201d, leaving open the possibility of factory closures in the longer term. Blume added that \u201cdigitalisation, artificial intelligence and shared services will help increase productivity and speed\u201d.<\/p>\n<p>Arno Antlitz, Volkswagen Group\u2019s chief financial officer, said the cost reductions already agreed were \u201cnot sufficient in the current economic and geopolitical environment\u201d.<\/p>\n<p>He said the company planned to improve vehicle cost structures, \u201csignificantly reduce overhead costs\u201d, increase plant efficiency and accelerate technology development and decision-making.<\/p>\n<p>Volkswagen employs about 657,000 people worldwide, but the company has not said how the planned reduction in production capacity would affect its workforce. According to Reuters, Volkswagen&#8217;s works council has demanded clarification on management&#8217;s cost-cutting plans by the end of Friday.<\/p>\n<p>The group has repeatedly argued that deeper restructuring is necessary after its net profit fell 28% to \u20ac1.56bn while revenue declined 2.5% year on year to \u20ac75.7bn in the quarter to March 2026. <\/p>\n<p>\u201cThe next few years will decide who will play a decisive role in the automotive industry in the future,\u201d Blume said.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2908835-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2908835\" data-cid=\"9833412\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908835-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/34\/12\/480x270_cmsv2_804a20a8-9373-5679-949e-a1a63bf564ce-9833412.jpg\" loading=\"lazy\" alt=\"Smoke billows after an Iranian missile struck an oil refinery in Haifa, northern Israel, 16 June 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Global oil demand set for first annual drop since COVID, IEA says<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908793-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2908793\" data-cid=\"9833054\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908793-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/30\/54\/480x270_cmsv2_72953e32-2ed8-5736-88c6-0639db061402-9833054.jpg\" loading=\"lazy\" alt=\"FILE. Passengers board a London-bound EasyJet flight at Amsterdam&apos;s Schiphol airport, Netherlands, Nov. 2019\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    EasyJet backs Apollo&#8217;s \u00a35.7bn takeover bid over Castlelake<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908793-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2908793\" data-cid=\"9833054\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908793-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/30\/54\/480x270_cmsv2_72953e32-2ed8-5736-88c6-0639db061402-9833054.jpg\" loading=\"lazy\" alt=\"FILE. Passengers board a London-bound EasyJet flight at Amsterdam&apos;s Schiphol airport, Netherlands, Nov. 2019\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    EasyJet backs Apollo&#8217;s \u00a35.7bn takeover bid over Castlelake<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  production<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Car industry in crisis<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Volkswagen<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Jobs<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Car industry<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2908835-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2908835\" data-cid=\"9833412\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908835-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/34\/12\/320x180_cmsv2_804a20a8-9373-5679-949e-a1a63bf564ce-9833412.jpg\" loading=\"lazy\" alt=\"Smoke billows after an Iranian missile struck an oil refinery in Haifa, northern Israel, 16 June 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Global oil demand set for first annual drop since COVID, IEA says<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2908793-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2908793\" data-cid=\"9833054\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908793-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/30\/54\/320x180_cmsv2_72953e32-2ed8-5736-88c6-0639db061402-9833054.jpg\" loading=\"lazy\" alt=\"FILE. Passengers board a London-bound EasyJet flight at Amsterdam&apos;s Schiphol airport, Netherlands, Nov. 2019\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EasyJet backs Apollo&#8217;s \u00a35.7bn takeover bid over Castlelake<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2908577-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2908577\" data-cid=\"9831910\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908577-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/19\/10\/320x180_cmsv2_f6d300c4-c8b7-533a-b5d5-20771bda0f7f-9831910.jpg\" loading=\"lazy\" alt=\"A South Korean bank clerk carries bundles of U.S. banknotes at a local bank in 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Passengers board a London-bound EasyJet flight at Amsterdam&apos;s Schiphol airport, Netherlands, Nov. 2019\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    EasyJet backs Apollo&#8217;s \u00a35.7bn takeover bid over Castlelake<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908793-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2908793\" data-cid=\"9833054\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908793-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/30\/54\/480x270_cmsv2_72953e32-2ed8-5736-88c6-0639db061402-9833054.jpg\" loading=\"lazy\" alt=\"FILE. Passengers board a London-bound EasyJet flight at Amsterdam&apos;s Schiphol airport, Netherlands, Nov. 2019\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    EasyJet backs Apollo&#8217;s \u00a35.7bn takeover bid over Castlelake<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908835-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2908835\" data-cid=\"9833412\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908835-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/34\/12\/320x180_cmsv2_804a20a8-9373-5679-949e-a1a63bf564ce-9833412.jpg\" loading=\"lazy\" alt=\"Smoke billows after an Iranian missile struck an oil refinery in Haifa, northern Israel, 16 June 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Global oil demand set for first annual drop since COVID, IEA says<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908793-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2908793\" data-cid=\"9833054\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908793-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/30\/54\/320x180_cmsv2_72953e32-2ed8-5736-88c6-0639db061402-9833054.jpg\" loading=\"lazy\" alt=\"FILE. Passengers board a London-bound EasyJet flight at Amsterdam&apos;s Schiphol airport, Netherlands, Nov. 2019\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EasyJet backs Apollo&#8217;s \u00a35.7bn takeover bid over Castlelake<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908577-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2908577\" data-cid=\"9831910\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908577-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/19\/10\/320x180_cmsv2_f6d300c4-c8b7-533a-b5d5-20771bda0f7f-9831910.jpg\" loading=\"lazy\" alt=\"A South Korean bank clerk carries bundles of U.S. banknotes at a local bank in Seoul, Wednesday, Jan. 4, 2006. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    A new millionaire every 15 minutes in France: How does Europe compare?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908603-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2908603\" data-cid=\"9832200\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908603-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/22\/00\/320x180_cmsv2_8e14767a-ac44-5fd5-b7c3-685ee18ebaa1-9832200.jpg\" loading=\"lazy\" alt=\"A branch of BBVA bank in Spain, 15 August, 2014\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Spain&#8217;s BBVA bank and former chairman to stand trial over spying<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908487-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2908487\" data-cid=\"9831288\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908487-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/12\/88\/320x180_cmsv2_96e7e2d3-c81d-5fc5-8762-8bc2784a1e41-9831288.jpg\" loading=\"lazy\" alt=\"Participants walk near displays during the NATO Defence Industry Forum at the NATO summit in Ankara, Turkey, 7 July 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Can a new global defence bank unlock \u00a3100bn for rearmament?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907986-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2907986\" data-cid=\"9828740\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Digital euro enters final round of EU negotiations<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908087-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2908087\" data-cid=\"9829295\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    House prices and rents: Where did they rise most in early 2026?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907779-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2907779\" data-cid=\"9827608\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    The five fastest-growing economies in Europe over the next five years<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908577-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2908577\" data-cid=\"9831910\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    A new millionaire every 15 minutes in France: How does Europe compare?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908508-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2908508\" data-cid=\"9831571\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Volkswagen weighs 100,000 job cuts in battle for survival<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">Volkswagen&#8217;s labour representatives on the supervisory board blocked a sweeping restructuring plan at a meeting on Thursday, Reuters reported on Friday, citing company sources.This comes as Europe&#8217;s largest carmaker wrestles with falling profits, rising costs and competition. Volkswagen said on Friday that its global vehicle deliveries fell 8.6% year on year in the second quarter, a steeper decline than in the previous quarter.The company&#8217;s share price was down by 0.6% around noon in Europe. The focus, however, remained on the restructuring proposals that divided the supervisory board.As the board met at Volkswagen\u2019s headquarters in Wolfsburg on Thursday, IG Metall, one of Germany\u2019s largest trade unions, organised coordinated protests across the country to stop a plan that reportedly includes up to 100,000 job cuts worldwide \u2014 more than 15% of its workforce \u2014 and closing four plants in Germany: Volkswagen factories in Hanover, Emden and Zwickau, as well as Audi&#8217;s Neckarsulm plant.According to Reuters, citing unnamed company sources, these measures were rejected by the supervisory board on Thursday, which includes labour representatives and representatives of the state of Lower Saxony. The committee voted against management&#8217;s proposed restructuring by 12 to seven, after opposition from labour representatives.Volkswagen \u2060made no mention of possible job cuts or plant closures late on Thursday. Instead, after the meeting, Volkswagen unveiled its strategy through to 2030, including plans to halve the number of models it offers and reduce the number of vehicle variants by as much as 75% in an effort to cut costs and complexity, measures that did not require the approval of the supervisory board.\u00a0Volkswagen said it would reduce annual production capacity to around 9 million vehicles to respond to \u201csharply intensified competition\u201d. That compares with capacity of around 12 million vehicles before the Covid-19 pandemic and about 10 million today.Other measures include tailoring products and technology more closely to regional markets, aligning production capacity to match demand, and simplifying the group\u2019s corporate structure and investment portfolio.Volkswagen chief executive Oliver Blume said in a video statement that \u201cthe global situation has deteriorated over the past 12 months\u201d, pointing to geopolitical tensions, tariffs, high costs, increasing regulation and intensifying global competition.He also said Volkswagen needed to \u201cget rid of excess capacity\u201d, leaving open the possibility of factory closures in the longer term. Blume added that \u201cdigitalisation, artificial intelligence and shared services will help increase productivity and speed\u201d.Arno Antlitz, Volkswagen Group\u2019s chief financial officer, said the cost reductions already agreed were \u201cnot sufficient in the current economic and geopolitical environment\u201d.He said the company planned to improve vehicle cost structures, \u201csignificantly reduce overhead costs\u201d, increase plant efficiency and accelerate technology development and decision-making.Volkswagen employs about 657,000 people worldwide, but the company has not said how the planned reduction in production capacity would affect its workforce. According to Reuters, Volkswagen&#8217;s works council has demanded clarification on management&#8217;s cost-cutting plans by the end of Friday.The group has repeatedly argued that deeper restructuring is necessary after its net profit fell 28% to \u20ac1.56bn while revenue declined 2.5% year on year to \u20ac75.7bn in the quarter to March 2026.\u00a0\u201cThe next few years will decide who will play a decisive role in the automotive industry in the future,\u201d Blume said.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/07\/10\/volkswagen-unveils-four-year-plan-as-questions-remain-over-jobs-and-plants&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/83\/29\/41\/1200x675_cmsv2_eaeac022-391a-577b-a720-86910204b539-9832941.jpg&#8221;] Travel News Oasis and Glasto effect: A record year for UK music tourism in 2025 Europe News Greek anti-terror police arrest three after blast kills woman Europe News EU agrees to open new accession phase with Ukraine and Moldova Europe News Met Police investigating donations to Reform UK party, media says Travel [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2036838","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2036838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2036838"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2036838\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2036838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2036838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2036838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}