Finance · 10 March 2026
50,000 Volkswagen jobs lost as profits drop
Volkswagen is set to eliminate thousands of jobs as the company's profits decline, reaching a low not experienced since 2016. The premier European automaker intends to reduce 50,000 roles in Germany by 2030, impacting all its subsidiaries, including Audi and Porsche. The profit decline for 2025, reported as either a 44% post-tax reduction or a 54% pre-tax reduction, was driven by US tariffs and intense competition from China. (Or specify which figure, e.g., 'The BBC reported a 44% post-tax reduction for 2025, driven by US tariffs and intense competition from China.')
Reported by BBC · How we write briefs