Volkswagen Supervisory Board Approves 2030 Future Plan Restructuring

On August 25, 2026, Volkswagen held a staff meeting at its headquarters in Wolfsburg, Germany, where group chief executive Oliver Blume explained the group's cost-reduction and restructuring plan. Boos were heard inside the venue, while more than 10,000 Volkswagen employees gathered outside in protest. The German metalworkers' union IG Metall opposed job cuts and potential plant closures. Volkswagen's business is exposed to global macroeconomic volatility, weak consumer demand in Europe, intense competition in the Chinese market, and uncertainty surrounding the software and intelligent-transformation transition.

In early September 2026, Volkswagen's supervisory board formally voted to approve the full restructuring package under the 2030 Future Plan. The plan's core measures include cutting more than 10 billion euros in fixed costs, optimizing global positions, and splitting Volkswagen's vehicle business and components business into independently operated entities. The plan also includes dismantling the group's organizational structure, promoting flat management, compressing non-core spending, and improving profitability. The plan covers independent operating arrangements for Volkswagen's vehicle business and components business, as well as global position optimization.