# Volkswagen launches major restructuring and considers job cuts > The Volkswagen Group has launched a major restructuring plan, with unprecedented plant closures in Germany, negotiations with IG Metall and up to 100,000 job cuts under consideration, while sharply lowering its earnings forecast penalized by Porsche. The manufacturer acknowledges that its electric models generate lower margins than internal combustion models and is reducing capacity in China in the face of competition from local electric vehicle manufacturers. In Germany, discussions focus on employment, wage cuts and capacity reductions at Wolfsburg and Emden, while in China the group is closing some sites to adapt to the market. The other countries covered by the file (Spain, Brazil, France, Vietnam, the United States, South Korea, Italy) do not show distinct national breakdowns in the provided sub-events. **In brief**: Ongoing story bringing together 25 events involving Volkswagen, Volkswagen Group, Porsche and 2 more, in 6 countries (Allemagne, Chine, Espagne and 3 more), followed from 30 October 2026 to 3 November 2026. 65 articles from 21 sources (plants, jobs and earnings, electric and batteries, sales and market); last updated on 3 November 2026 at 09:15. Figures reported: 375 vehicles, 100000 jobs. - Status: ongoing - Scope: International - Category: Plants, jobs and earnings, Electric and batteries, Sales and market - Countries: Allemagne, Chine, Espagne, Brésil, Pologne, États-Unis - Brands: Volkswagen, Volkswagen Group, Porsche, Cupra, SEAT - First detected: 30 October 2026 at 01:00 - Updated: 3 November 2026 at 09:15 - Web page: https://mecapress.com/stories/34-volkswagen-launches-major-restructuring-and-considers-job-cuts ## National stories (9) - Germany — 4 country-specific events, 9 articles - Spain — 1 country-specific event, 2 articles - China — 0 country-specific event, 6 articles - Brazil — 0 country-specific event, 5 articles - France — 0 country-specific event, 4 articles - Vietnam — 0 country-specific event, 3 articles - United States — 0 country-specific event, 3 articles - South Korea — 0 country-specific event, 2 articles - Italy — 0 country-specific event, 2 articles ## Reported figures - 4.33 billion euros - 4.72 billion euros - 106.4 billion euros - €5.86 Billion - €1.3 billion ## What is established _“Confirmed” = reported by at least two independent outlets (outlets of the same group count as one). AI cross-check of the collected headlines and extracts._ **Confirmed by several sources** - Volkswagen Group operating profit fell by around 99% (98.7%) over the first nine months of 2026. (7 independent sources: [autoherald.co.kr](http://www.autoherald.co.kr/news/articleView.html?idxno=62039), [automoto.it](https://www.automoto.it/news/volkswagen-conti-in-profondo-rosso-nel-2026-perdita-da-58-miliardi-nel-terzo-trimestre.html), [autodaily.co.kr](https://www.autodaily.co.kr/news/articleView.html?idxno=601651), [财新](https://news.google.com/rss/articles/CBMiZEFVX3lxTE54UldnSGxVYXZXV3BRU1JFR2UxZG9Kd1B1TkktYi1jQWJZWTJfbjFUMzFyZko5ZF81QkpTaTFWek9QSHhjMXBQWmtXVlQ4b0Z3M3pSd2d0WHpnNWdLQUhhT1JaSEw?oc=5), [topgear.com.ph](https://www.topgear.com.ph/news/industry-news/vw-group-falling-sales-tguk-a3832-20261102), [business-news-today.com](https://business-news-today.com/volkswagen-profit-collapses-99-as-e8-7bn-charges-expose-the-cost-of-its-ev-transition/), [TradingView](https://www.tradingview.com/news/moodys:ef49c4b88be54:0-volkswagen-group-s-nine-month-operating-profit-falls-99-to-euro-71-million/)) - The chief financial officer states that electric models generate lower margins than internal combustion models. (4 independent sources: [carmag.co.za](https://www.carmag.co.za/news/industry-news/volkswagen-confirms-it-is-struggling-to-make-electric-cars-profitable/), [motor1.uol.com.br](https://motor1.uol.com.br/news/813894/volkswagen-eletricos-lucro-volume-combust%C3%A3o/), [Vietnam.vn](https://www.vietnam.vn/en/volkswagen-thua-nhan-xe-dien-mang-lai-loi-nhuan-thap-hon-xe-xang), [osegi.com](https://osegi.com/en/volkswagen-admits-evs-earn-less-than-combustion-cars)) - Results include 8.7 billion euros in exceptional items related notably to Porsche, China and US tariffs. (3 independent sources: [autodaily.co.kr](https://www.autodaily.co.kr/news/articleView.html?idxno=601651), [business-news-today.com](https://business-news-today.com/volkswagen-profit-collapses-99-as-e8-7bn-charges-expose-the-cost-of-its-ev-transition/), [TradingView](https://www.tradingview.com/news/moodys:ef49c4b88be54:0-volkswagen-group-s-nine-month-operating-profit-falls-99-to-euro-71-million/)) - Revenue for the first nine months of 2026 reached 233.378 billion euros, down 2.2%. (2 independent sources: [autodaily.co.kr](https://www.autodaily.co.kr/news/articleView.html?idxno=601651), [Moomoo](https://news.google.com/rss/articles/CBMiXEFVX3lxTFBKajlsSlZnamwzdWNyZWxHUEJpOFl1U1hlYVNwdThMdkgtZzROUDdhSno1MHBxcGZDd2ZmSnNOMEhNQU44bnIzQ3VQamxJUnN0Q3I1Ny1iTmIyd0tJ?oc=5)) - Volkswagen plans up to 100,000 job cuts by the end of the decade. (2 independent sources: [Auto Plus](https://www.autoplus.fr/actualite/insolite/volkswagen-utilise-100-moutons-pour-travailler-aux-cotes-de-31-000-panneaux-solaires-et-les-animaux-font-bien-plus-que-tondre-pelouse-bis-1455168.html?utm_source=rss_feed&utm_medium=link&utm_campaign=unknown), [DW.com](https://www.dw.com/en/volkswagen-to-cut-100000-jobs-by-end-of-decade/a-78896123)) - Volkswagen is considering reducing its model range by up to half. (2 independent sources: [robotbelt.com](https://robotbelt.com/volkswagen-booked-a-eur-5-9-billion-nine-month-loss-and-put-11/), [Motor1.com](https://www.motor1.com/news/801295/volkswagen-group-poor-sales-results-china/)) **Sources disagree** - Operating result January-September 2026: Operating loss of 5.86 billion euros, margin of -7.8% according to [robotbelt.com](https://robotbelt.com/volkswagen-booked-a-eur-5-9-billion-nine-month-loss-and-put-11/) ; Operating profit of 71 million euros according to [business-news-today.com](https://business-news-today.com/volkswagen-profit-collapses-99-as-e8-7bn-charges-expose-the-cost-of-its-ev-transition/), [TradingView](https://www.tradingview.com/news/moodys:ef49c4b88be54:0-volkswagen-group-s-nine-month-operating-profit-falls-99-to-euro-71-million/) ; Result close to breakeven according to [defenseworld.net](https://www.defenseworld.net/2026/10/31/what-volkswagen-vow3-said-on-its-q3-earnings-call.html), [zolmax.com](https://zolmax.com/investing/what-volkswagen-vow3-said-on-its-q3-earnings-call/12057559.html) - Period of the operating loss of 5.86 billion euros: Third quarter according to [The Auto Wire](https://theautowire.com/2026/10/31/volkswagen-q3-2026-operating-loss-antlitz-cost-cuts-tariffs-ev-margins/) ; First nine months according to [robotbelt.com](https://robotbelt.com/volkswagen-booked-a-eur-5-9-billion-nine-month-loss-and-put-11/) - Number of job cuts: 50,000 according to [Notícias Automotivas](https://www.noticiasautomotivas.com.br/mesmo-com-o-avanco-das-marcas-chinesas-volkswagen-volta-a-lucrar-no-brasil-e-ve-suas-fabricas-protegidas-dos-cortes-previstos-na-alemanha/) ; Up to 100,000 according to [Auto Plus](https://www.autoplus.fr/actualite/insolite/volkswagen-utilise-100-moutons-pour-travailler-aux-cotes-de-31-000-panneaux-solaires-et-les-animaux-font-bien-plus-que-tondre-pelouse-bis-1455168.html?utm_source=rss_feed&utm_medium=link&utm_campaign=unknown), [DW.com](https://www.dw.com/en/volkswagen-to-cut-100000-jobs-by-end-of-decade/a-78896123) **Single source so far** - The third quarter of 2026 ended with a net loss of 5.82 billion euros. (according to [automoto.it](https://www.automoto.it/news/volkswagen-conti-in-profondo-rosso-nel-2026-perdita-da-58-miliardi-nel-terzo-trimestre.html)) - Volkswagen and IG Metall have opened negotiations in Hanover on plant closures, wage cuts and employment. (according to [dasdeutscheblatt.com](https://dasdeutscheblatt.com/volkswagen-and-ig-metall-begin-critical-talks-over-plant-closures-and-jobs)) - Volkswagen plans to close four plants in Germany and cut 50,000 jobs. (according to [Notícias Automotivas](https://www.noticiasautomotivas.com.br/mesmo-com-o-avanco-das-marcas-chinesas-volkswagen-volta-a-lucrar-no-brasil-e-ve-suas-fabricas-protegidas-dos-cortes-previstos-na-alemanha/)) - Volkswagen is reducing its production capacity in China in the face of competition from local electric vehicle manufacturers. (according to [beijingpost.com](https://beijingpost.com/volkswagen-cuts-production-capacity-in-china-amid-intensifying-local-competition)) **Updates** - 3 November 2026 at 03:14: Volkswagen lowers the threshold for triggering managers' bonuses. - 3 November 2026 at 03:14: Volkswagen returns to profit in Brazil and its plants are spared from the German cuts. - 3 November 2026 at 03:14: Volkswagen could postpone to 2027 approval of its five-year investment plan of 135 billion euros. - 2 November 2026 at 07:06: Volkswagen announces a 31 billion euro cost plan. - 2 November 2026 at 07:06: Volkswagen plans to reduce its production capacity by one million units. - 2 November 2026 at 07:06: Volkswagen lowers its margin forecast for 2026. - 2 November 2026 at 02:02: A Volkswagen plant in Spain could be converted to vehicle dismantling. - 2 November 2026 at 02:02: Volkswagen is considering discontinuing the Seat brand in favor of Cupra. - 2 November 2026 at 02:02: Volkswagen suspends development of its future flagship model for financial reasons. - 1 November 2026 at 19:01: New figure: SEAT & CUPRA posts an operating result of 6 million euros over nine months. ## Sources by country and language - unknown: 24 articles, 20 outlets - Germany: 9 articles, 7 outlets - China: 6 articles, 6 outlets - Brazil: 5 articles, 4 outlets - France: 4 articles, 4 outlets - United States: 3 articles, 1 outlets - Vietnam: 3 articles, 1 outlets - Spain: 2 articles, 2 outlets - Italy: 2 articles, 2 outlets - South Korea: 2 articles, 2 outlets - United Kingdom: 1 articles, 1 outlets - India: 1 articles, 1 outlets - Philippines: 1 articles, 1 outlets - Romania: 1 articles, 1 outlets - South Africa: 1 articles, 1 outlets **Languages**: English (36), Portuguese (5), Chinese (5), Spanish (5), German (4), French (4), Italian (2), unknown (2), Korean (2) ## Timeline (25 events) ### 30 October 2026 — [Volkswagen Brand Group Core posts lower operating result over nine months](https://mecapress.com/events/7-volkswagen-brand-group-core-posts-lower-operating-result-over-nine-months.md) The Brand Group Core closes the first nine months of 2026 with an operating result of 4.33 billion euros, against 4.72 billion a year earlier. The margin falls to 4.1% for 3.75 million vehicles sold. 2 sources, 2 articles · Worldwide (Allemagne) ### 30 October 2026 — [SEAT et CUPRA dégagent 6 millions d'euros de profit sur neuf mois](https://mecapress.com/events/1485-seat-et-cupra-degagent-6-millions-d-euros-de-profit-sur-neuf-mois.md) SEAT & CUPRA affichent un résultat opérationnel de 6 millions d'euros sur les neuf premiers mois de 2026. 1 sources, 1 articles · Espagne ### 30 October 2026 — [Volkswagen suspend le développement de son futur modèle phare](https://mecapress.com/events/1372-volkswagen-suspend-le-developpement-de-son-futur-modele-phare.md) Faute de moyens financiers, Volkswagen interrompt le développement de son futur modèle phare, nouvelle conséquence de ses difficultés économiques. 3 sources, 3 articles · Wolfsburg — Allemagne ### 31 October 2026 — [Volkswagen Group : résultat opérationnel en chute de 98,7 % sur neuf mois](https://mecapress.com/events/967-volkswagen-group-resultat-operationnel-en-chute-de-98-7-sur-neuf-mois.md) Le groupe Volkswagen affiche sur janvier-septembre 2026 un résultat opérationnel en recul de 98,7 %, plombé par 8,7 milliards d'euros d'éléments exceptionnels liés notamment à Porsche, la faiblesse du marché chinois et les droits de douane américains. Les livraisons reculent de 9 % à 6,011 millions d'unités. 6 sources, 12 articles · Worldwide (Allemagne, Chine, États-Unis) ### 31 October 2026 — [Volkswagen pourrait reporter à 2027 la validation de son plan d'investissement de 135 milliards d'euros](https://mecapress.com/events/866-volkswagen-pourrait-reporter-a-2027-la-validation-de-son-plan-d-investissement.md) Selon la presse, Volkswagen pourrait n'approuver qu'en 2027 son plan d'investissement quinquennal de 135 milliards d'euros. Ce report s'inscrit dans les efforts d'économies du groupe. 1 sources, 1 articles · Allemagne ### 31 October 2026 — [Volkswagen Group announces about 6 million deliveries in nine months](https://mecapress.com/events/909-volkswagen-group-announces-about-6-million-deliveries-in-nine-months.md) The Volkswagen Group delivered approximately 6 million vehicles worldwide in the first three quarters of 2026, in a market with contrasting performance across regions. 1 sources, 1 articles · Worldwide (Allemagne) ### 31 October 2026 — [A Spanish Volkswagen plant considers switching from assembly to vehicle dismantling](https://mecapress.com/events/553-a-spanish-volkswagen-plant-considers-switching-from-assembly-to-vehicle.md) Facing closure risk, a Volkswagen plant in Spain is considering converting its activity toward vehicle dismantling rather than assembly. 1 sources, 1 articles · Espagne ### 31 October 2026 — [Volkswagen in the red in the third quarter and speeds up savings measures](https://mecapress.com/events/60-volkswagen-in-the-red-in-the-third-quarter-and-speeds-up-savings-measures.md) The Volkswagen Group calls for accelerating its savings measures after a heavy net loss in the third quarter, largely linked to its difficulties in the Chinese market. 4 sources, 12 articles · Worldwide (Allemagne, Chine) ### 31 October 2026 — [Volkswagen returns to profit in Brazil, its plants spared by cuts in Germany](https://mecapress.com/events/332-volkswagen-returns-to-profit-in-brazil-its-plants-spared-by-cuts-in-germany.md) Volkswagen returns to profit in Brazil as the group plans to close four plants and cut 50,000 jobs in Germany. Brazilian engineering is gaining weight in the brand's global projects. 2 sources, 3 articles · Brésil, Allemagne ### 31 October 2026 — [Volkswagen considering ending Seat brand in favor of Cupra](https://mecapress.com/events/432-volkswagen-considering-ending-seat-brand-in-favor-of-cupra.md) According to a German media outlet, the Volkswagen Group could drop the Seat brand and concentrate its resources on Cupra, whose sales are rising. 1 sources, 1 articles · Allemagne, Espagne ### 31 October 2026 — [Volkswagen considers up to 100,000 job cuts, mega solar farm in Poland](https://mecapress.com/events/222-volkswagen-considers-up-to-100-000-job-cuts-mega-solar-farm-in-poland.md) The Volkswagen Group mentions up to 100,000 job cuts while its Polish site in Września highlights a mega solar farm grazed by sheep, a contrast between social crisis and green showcase. 2 sources, 2 articles · Września — Allemagne, Pologne ### 1 November 2026 — [Volkswagen progresses with restructuring to preserve profitability](https://mecapress.com/events/758-volkswagen-progresses-with-restructuring-to-preserve-profitability.md) Volkswagen management and employee representatives are working on cost-cutting measures amid growing electric vehicle competition. The stated goal is to protect the group's profitability. 1 sources, 1 articles · Allemagne ### 1 November 2026 — [Volkswagen face à la concurrence chinoise et à un plan d'ajustement sévère](https://mecapress.com/events/1869-volkswagen-face-a-la-concurrence-chinoise-et-a-un-plan-d-ajustement-severe.md) Pertes, usines menacées et retard dans l'électrification poussent le groupe Volkswagen vers le plan d'ajustement le plus dur de son histoire, sous la pression de la concurrence chinoise. 1 sources, 1 articles · Wolfsburg — Allemagne, Chine ### 1 November 2026 — [Volkswagen réduit ses capacités de production en Chine](https://mecapress.com/events/1221-volkswagen-reduit-ses-capacites-de-production-en-chine.md) Volkswagen ferme certains sites de production en Chine pour s'adapter à la concurrence des constructeurs électriques locaux et à la faiblesse de ses performances sur le premier marché mondial. 1 sources, 2 articles · Chine, Allemagne ### 1 November 2026 — [Volkswagen lance un plan de restructuration incluant des fermetures d'usines en Allemagne](https://mecapress.com/events/1438-volkswagen-lance-un-plan-de-restructuration-incluant-des-fermetures-d-usines-en.md) Volkswagen engage un plan d'urgence prévoyant des fermetures d'usines inédites en Allemagne pour faire face à de graves difficultés financières et préserver sa compétitivité. 1 sources, 1 articles · Allemagne ### 1 November 2026 — [Volkswagen et IG Metall ouvrent des négociations sur les fermetures d'usines et l'emploi](https://mecapress.com/events/1008-volkswagen-et-ig-metall-ouvrent-des-negociations-sur-les-fermetures-d-usines-et.md) Volkswagen et le syndicat IG Metall ont entamé à Hanovre des négociations sur d'éventuelles fermetures de sites, des baisses de salaires et l'avenir de dizaines de milliers d'emplois. 1 sources, 3 articles · Hanovre — Allemagne ### 1 November 2026 — [Volkswagen reconnaît que ses voitures électriques rapportent moins que ses thermiques](https://mecapress.com/events/988-volkswagen-reconnait-que-ses-voitures-electriques-rapportent-moins-que-ses.md) Le directeur financier de Volkswagen indique que les modèles électriques dégagent moins de marge que les thermiques, tout en soulignant que les ventes de VE doivent croître pour respecter les normes européennes de CO2. 7 sources, 8 articles · Allemagne ### 1 November 2026 — [Volkswagen accélère sur l'électrique mais les résultats ne suivent pas](https://mecapress.com/events/789-volkswagen-accelere-sur-l-electrique-mais-les-resultats-ne-suivent-pas.md) Volkswagen intensifie son offensive électrique, mais les performances financières du groupe restent décevantes, dans un contexte de restructuration. 1 sources, 1 articles · Allemagne ### 2 November 2026 — [Volkswagen abaisse fortement le seuil de versement des bonus de ses dirigeants](https://mecapress.com/events/2681-volkswagen-abaisse-fortement-le-seuil-de-versement-des-bonus-de-ses-dirigeants.md) Des documents internes révèlent que Volkswagen a nettement abaissé le seuil de rentabilité requis pour verser les bonus de ses managers, après un rendement jugé insuffisant au troisième trimestre. 1 sources, 1 articles · Allemagne ### 2 November 2026 — [Volkswagen abaisse fortement sa prévision de résultat, pénalisé par Porsche](https://mecapress.com/events/2683-volkswagen-abaisse-fortement-sa-prevision-de-resultat-penalise-par-porsche.md) Volkswagen révise nettement à la baisse sa prévision de résultat, une dépréciation liée à Porsche pesant sur les comptes, dans un contexte de restructuration du groupe. 1 sources, 1 articles · Wolfsburg — Allemagne ### 2 November 2026 — [La ligne politique de l'AfD pourrait aggraver les problèmes à l'export de l'industrie automobile](https://mecapress.com/events/2206-la-ligne-politique-de-l-afd-pourrait-aggraver-les-problemes-a-l-export-de-l.md) Une analyse estime que le positionnement de l'AfD constitue un risque pour les exportations de l'industrie automobile allemande, alors que Volkswagen traverse une crise profonde. 1 sources, 1 articles · Allemagne ### 2 November 2026 — [Volkswagen durcit sa restructuration pour redresser ses résultats](https://mecapress.com/events/2288-volkswagen-durcit-sa-restructuration-pour-redresser-ses-resultats.md) Volkswagen choisit d'intensifier ses efforts d'ajustement après avoir renoncé à ses hypothèses antérieures, dans un contexte de difficultés financières et de concurrence chinoise. 2 sources, 2 articles · Allemagne, Chine ### 2 November 2026 — [Volkswagen prévoit de réduire sa gamme de modèles jusqu'à moitié](https://mecapress.com/events/2519-volkswagen-prevoit-de-reduire-sa-gamme-de-modeles-jusqu-a-moitie.md) Volkswagen Group envisage de réduire le nombre de ses modèles jusqu'à 50 %, après une baisse de 8,6 % de ses ventes au deuxième trimestre et un fort recul en Chine. 1 sources, 1 articles · Allemagne, Chine ### 3 November 2026 — [Deutsche Bank abaisse son objectif sur Volkswagen mais maintient l'achat](https://mecapress.com/events/2999-deutsche-bank-abaisse-son-objectif-sur-volkswagen-mais-maintient-l-achat.md) Deutsche Bank ramène son objectif de cours sur l'action Volkswagen de 105 à 100 euros tout en maintenant sa recommandation d'achat, après une perte trimestrielle de 5,8 milliards d'euros. 1 sources, 1 articles · Allemagne ### 3 November 2026 — [Volkswagen : résistance syndicale à une réduction de capacités à Wolfsburg et Emden](https://mecapress.com/events/2832-volkswagen-resistance-syndicale-a-une-reduction-de-capacites-a-wolfsburg-et.md) Le conseil de surveillance de Volkswagen fait face à l'opposition d'IG Metall et des représentants du personnel après des plans internes de réduction de capacités à Wolfsburg et Emden. 1 sources, 2 articles · Wolfsburg et Emden — Allemagne --- Cite as: Mecapress, “Volkswagen launches major restructuring and considers job cuts”, https://mecapress.com/stories/34-volkswagen-launches-major-restructuring-and-considers-job-cuts Methodology: https://mecapress.com/methodology