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Cars and TransportationGermany

VW is bringing out the axe

03:23

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Dan Hirschfeld
July 14, 2026

Volkswagen plans to cut 100,000 jobs and close entire plants in Germany. Even though the supervisory board rejected the radical cost-cutting program, there are fears about the future of entire regions.

Volkswagen employees in Zwickau are facing growing uncertainty after reports that the company may close the plant as part of a major restructuring plan that could eliminate up to 100,000 jobs. The site, one of VW’s most advanced electric vehicle factories with 9,000 workers, has been hit by weak EV sales, particularly in the crucial Chinese market.

A potential closure would have far-reaching consequences beyond Volkswagen, threatening suppliers, small businesses, and thousands of jobs across the Zwickau region. Local business owners and city officials warn that fears of unemployment are already reducing consumer spending and investment, raising concerns about the broader economic future of this region in eastern Germany.

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.

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