Volkswagen says it will need to cut a further 50,000 jobs, including management positions, essentially doubling current layoffs across the group. ^[1] Volkswagen's supervisory board agreed to a comprehensive restructuring plan dubbed 'Future Plan 2030' which it said was essential to restore competitiveness and secure the group for the future. ^[2] Volkswagen's supervisory board approved a comprehensive restructuring plan on 2026-04-12 that includes cutting approximately 50,000 jobs globally. ^[3] The approved 'Future Plan 2030' includes cutting 50,000 jobs globally, reducing the number of car models, and simplifying the investment and subsidiary portfolio. ^[4] Volkswagen's supervisory board unanimously approved CEO Oliver Blume's restructuring plan on 2026-06-25, which targets increasing profitability to 9% by 2030. ^[5] The approved plan includes cutting approximately 50,000 positions globally, in addition to 50,000 positions already being reduced. ^[6] Volkswagen's supervisory board approved the 'Future Plan 2030' proposed by the management board. ^[7] As part of 'Future Plan 2030,' Volkswagen said it plans to cut roughly 50,000 additional jobs worldwide, but did not specify where, when, or how the cuts would be made (layoffs, buyouts, or attrition). ^[8] The plan includes 135 billion euros ($157 billion) in capital spending and research and development investment between 2027 and 2031. ^[9] VW says it aims to sell 9 million vehicles a year and is targeting an operating margin of 9% by 2030, compared with 3.8% in the first half of 2026. ^[10] The restructuring plan involves closing factories in Emden, Zwickau, Hanover, and Neckarsulm after 2031 if production of existing models is not guaranteed. ^[11] Volkswagen plans to halve its number of models and simplify its management structure to enable faster decision-making. ^[12]