(FILES) Employees work at the assembly line for the Volkswagen (VW) ID 4 electric car of German carmaker Volkswagen, in the production site of Emden, northern Germany, on May 20, 2022. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. Volkswagen would also close plants at Hanover, Zwickau and Emden after production runs of models currently made there end. (Photo by DAVID HECKER / AFP via Getty Images)

(FILES) Employees of German car maker Volkswagen (VW) demonstrate outside VW cars plant in Wolfsburg, central Germany, on December 2, 2024, as thousands of Volkswagen workers go on strike all over Germany in an escalating industrial dispute at the crisis-hit German auto giant with thousands of jobs at stake. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. Volkswagen would also close plants at Hanover, Zwickau and Emden after production runs of models currently made there end. (Photo by Julian Stratenschulte / POOL / AFP via Getty Images)

(FILES) Employees of the Volkswagen plant in Zwickau stand on the factory premises during an information event organised by the Works Council of Volkswagen Saxony in Zwickau, eastern Germany, on October 28, 2024. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. Volkswagen would also close plants at Hanover, Zwickau and Emden after production runs of models currently made there end. (Photo by JENS SCHLUETER / AFP via Getty Images)

(FILES) Employees of German car maker Volkswagen (VW) demonstrate in front of the VW plant in Zwickau, eastern Germany, on December 2, 2024, as thousands of Volkswagen workers go on strike all over Germany in an escalating industrial dispute at the crisis-hit German auto giant with thousands of jobs at stake. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. Volkswagen would also close plants at Hanover, Zwickau and Emden after production runs of models currently made there end. (Photo by JENS SCHLUETER / AFP via Getty Images)

(FILES) German carmaker Volkswagen (VW) CEO Oliver Blume addresses an annual news conference to present the company's results at the company's headquarters in Wolfsburg, central Germany, on March 11, 2025. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. (Photo by Ronny HARTMANN / AFP via Getty Images)

(FILES) New cars stored at tower storage facility of German carmaker Volkswagen (VW) are lit by sunset light at the company's headquarters in Wolfsburg, central Germany, at dusk on November 21, 2025. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. (Photo by Ronny HARTMANN / AFP via Getty Images)

(FILES) German carmaker Volkswagen (VW) CEO Oliver Blume addresses an annual news conference to present the company's results at the company's headquarters plant in Wolfsburg, central Germany, on March 11, 2025. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. (Photo by Ronny HARTMANN / AFP via Getty Images)

(FILES) The power plant at the headquarters of German carmaker Volkswagen (VW) is seen in Wolfsburg, northern Germany on December 09, 2024 prior to a fourth round of negotiations between management and workers' representatives on a new deal for the crisis-hit company. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. (Photo by Ronny HARTMANN / AFP via Getty Images)