Volkswagen Job Cuts Slow as Fewer Employees Accept Departures

Volkswagen is facing a significant decline in the number of employees opting for redundancy or early retirement as it pursues a cost-cutting plan to reduce its workforce by 35,000 by 2030. As of September, only 1,000 staff accepted exit agreements in the third quarter, leaving the company 10,000 short of its goal. Although a job guarantee until 2030 is in place, the pace of departures has slowed, prompting concerns over meeting targets amid rising costs and tariffs. The company aims to improve efficiency to navigate sector challenges, with plans to include factory workers in voluntary redundancy programs.

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