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Volkswagen weighs turnaround plan amid 50,000 job cuts
Volkswagen is negotiating a turnaround that could involve up to 50,000 job losses, with tensions rising among management, unions, and state owners ahead of a September 4 supervisory board meeting. German state leaders Olaf Lies and Michael Kretschmer are urging a swift, balanced agreement to protect German production and workers, including at sites like the Zwickau EV plant, amid tariffs, weak demand, and rising Chinese competition.
Business · 6 sources · Aug 31, 2026Read itThe journal
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About Olaf Lies
Olaf Lies is a German politician of the Social Democratic Party (SPD). In May 2025 he was elected as Minister-President of the federal state of Lower Saxony.
Everything about Olaf Lies →- Occupation
- politician
- Position held
- member of the Landtag of Lower Saxony, Member of the Bundesrat of Germany, deputy member of the Bundesrat of Germany, Minister-President of Lower Saxony
- Citizenship
- Germany
- Born
- May 8, 1967