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Today’s Brief

Hormuz burns, Ankara fumes

Trump escalates Gulf war as NATO allies absorb oil shock and insults

War, weather and courts set the pace today. The Gulf crisis widened, Europe sweated through another dangerous heatwave, and French politics gained a campaign that may be decided as much by judges as voters.

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World · Updated 23m ago

The US under Trump: second term

The findings update the scale of NATO defence spending increases and add new US tariff threats, but do not constitute a discrete event that fundamentally alters the established policy trajectory.

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© Neue Zürcher Zeitung
Business·1h ago

VW supervisory board considers plan to close four German plants and cut up to 100,000 jobs amid nationwide protests

Volkswagen's supervisory board meets today in Wolfsburg to review a restructuring plan that could close four German factories and eliminate up to 100,000 jobs, while IG Metall holds protests at 18 sites across the country.

The restructuring plan

Volkswagen's supervisory board convenes today in Wolfsburg to examine a far-reaching restructuring proposal that could close four German plants and cut up to 100,000 jobs worldwide. The plan, first reported by Manager Magazin and attributed to CEO Oliver Blume's team, targets the Emden, Hannover, Zwickau and Audi's Neckarsulm sites, which together employ about 40,000 people. According to Spiegel, Zwickau and Emden would shut within five years, Hannover in 2032 and Neckarsulm in 2034. Job reductions could reach 50,000 by 2030, though Reuters and other sources put the total at 100,000. The company is also considering spinning off its core VW brand and components business to simplify the conglomerate's structure.

Protests across Germany

IG Metall, the powerful metalworkers' union, has called a nationwide day of action at all 18 VW sites, with demonstrations scheduled between 11:20 and 14:00. A rally is planned directly outside the board building in Wolfsburg where the supervisory board meets this afternoon. Christiane Benner, the union's chair, said the protests send "a clear signal to the board." She warned Blume that he cannot "pass the buck for failures of recent years on to the workforce." The union stressed that no work stoppages are planned, describing the events as information and protest gatherings.

This sends a clear signal to the board.

— Christiane Benner

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Boardroom resistance

The supervisory board is unlikely to approve the plan without a fight. Worker representatives, who hold half the seats, have already voiced opposition. The state of Lower Saxony, which holds two seats, also rejects the plant closures, according to German media reports. The capital side is currently one member short after Susanne Wiegand resigned unexpectedly in June, leaving nine instead of ten representatives. A VW spokesperson said the meeting would address "reducing complexity, streamlining participation, regionalising development and production, and reducing overcapacity." The company plans to inform the public about any decisions promptly after the session.

Industry under pressure

The restructuring comes as Germany's auto sector faces intense pressure from Chinese competition, the costly shift to electric vehicles, and US import tariffs. The VDA, the car industry lobby, recently warned of a potential employment collapse unless "bold decisions" are taken, including selling unviable plants to foreign manufacturers. VW employs more than 650,000 people across its brands, and about 3 million jobs in Germany are tied directly or indirectly to the car industry. By the end of this year, VW will have already reduced its headcount by 19,000, with another 9,000 exits agreed under existing cost-cutting measures.

Key milestones in VW's restructuring plan
  1. Jul 9, 2026Supervisory board reviews restructuring plan
  2. End of 2026VW headcount reduced by 19,000
  3. 2030Up to 50,000 job cuts targeted
  4. 2031Zwickau and Emden plants close
  5. 2032Hannover plant closes
  6. 2034Neckarsulm plant closes

What comes next

If the board accepts the proposals, months of negotiations with unions will follow. The outcome is seen as a bellwether for the future of German manufacturing. The board meeting, described in German media as the "week of truth," may not produce a final decision today, but it marks the first formal review of a plan that would be the most radical overhaul in the history of the German auto industry.

Wolfsburg · Emden · Hannover · Zwickau · Neckarsulm
Oliver BlumeChristiane Benner
HamburgHanoverWolfsburg

4 sources

  • Umstrukturierung bei VW: Proteste und Chef Blume vor dem Aufsichtsrat
    Neue Zürcher Zeitung·4h ago
  • VW faces protests in Germany over proposed job cuts and factory closures
    The Guardian·4h ago
  • Volkswagen chiuderà quattro fabbriche in Germania, le prime due entro cinque anni: l'attesa per il piano
    Corriere della Sera·4h ago
  • D: VW will nach Aufsichtsrat über Sparpläne informieren
    newsORF.at·4h ago

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