What specific cost-saving measures is VW considering beyond job cuts?

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Volkswagen is considering deeper cost cuts mainly through investment reductions and possible plant closures, beyond job cuts

Volkswagen is considering additional cost-saving measures beyond job cuts, including reducing investment spending and potentially closing multiple plants in Germany. A report by Manager Magazin said the carmaker plans to cut investment by 15 per cent to just over €130 billion over the next five years, while also weighing closures at sites including Hanover, Zwickau and Emden, after current production runs end. The same report also said a plant at Audi, Volkswagen’s sister brand, would close as well.
Investment spending cut of 15% over the next five years
Manager Magazin reported that Volkswagen would cut investment by 15 per cent, bringing the total to just over €130 billion over the next five years. The company’s stated priority is to improve competitiveness across the group, with “sharper focus” and “more rigorous cost and investment discipline” highlighted by the Volkswagen board.
Possible plant closures in Germany after current model runs end
The report said Volkswagen would close plants at Hanover, Zwickau and Emden after the production runs of models currently made there end. It also added that a plant at Audi would close, linking the potential closures to the same broader competitiveness and cost discipline push.
Job-cut plans already in place through 2030, with other measures under review
Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030, and it is considering further job cuts worldwide, according to the report. At the same time, the company’s leadership message focused on the group needing to significantly improve competitiveness, using tighter cost and investment discipline alongside workforce reductions.
Constraints on layoffs and closures under existing agreements
The coverage says compulsory layoffs are supposed to be ruled out at Volkswagen until 2030 and at Audi until 2033 under union agreements. It also states that Volkswagen plant closures in Germany are meant to be off the table until at least the end of the decade under an agreement reached at the end of 2024.

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What specific cost-saving measures is VW considering beyond job cuts?

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