- 6d ago
German metalworkers strike at Audi and Opel as wage talks stall, with more walkouts planned
Night and day shifts stopped for hours at Audi and Opel Eisenach as IG Metall presses a 5% pay demand against an employer offer below inflation.
- Oct 30
Audi's Q3 profit falls 87% to 95 million euros and full-year outlook is cut
Audi's third-quarter profit after tax fell to 95 million euros on Friday, 30 October, and the company cut its 2026 guidance. CEO Gernot Döllner has faced criticism since appearing with Donald Trump at a campaign event that announced a US plant.
- Oct 19
VW plans pay freeze at 2026 levels for 660,000 staff until 2030, works councils say
Works councils say management has told HR managers worldwide to hold pay at 2026 levels until 2030, a plan that Süddeutsche Zeitung estimates would cut purchasing power by about 10%. Volkswagen declined to comment, calling the reports speculation.
- Oct 8
Audi activates bad weather clause to reopen talks on Neckarsulm job cuts
Chief executive Gernot Döllner announced the move at a staff meeting on Thursday, putting existing guarantees that protected more than 15,000 workers through 2033 back into negotiation.
- Sep 5
Volkswagen approves restructuring plan to cut 100,000 jobs and phase out vehicle output at four German plants
The German automaker will eliminate approximately 100,000 positions globally and end car assembly across four domestic factories by 2034, reallocating vehicle lines to Central European plants.
- Aug 23
Volkswagen agrees to 100,000 job cuts and plant reviews under 2030 restructuring plan
The supervisory board approved a turnaround plan targeting a 9% operating margin by 2030, putting four German factories under review and halving the company model range by 2035.
- Jul 27
Audi slashes 2026 revenue forecast by 5 billion euros as China profit collapses and Neckarsulm plant hangs in balance
The Volkswagen luxury group lowered its expected revenue to 58-63 billion euros, down from 63-68 billion, and posted a 21% drop in Q2 net profit. China contributed only 73 million euros in the first half, compared with nearly four times that a year earlier.
- Jul 24
Volkswagen profit drops 32.9% in Q2 as China sales collapse; group cuts full-year revenue forecast and plans up to 50,000 more job cuts
Net income fell to €1.54 billion in the second quarter, down from €2.29 billion a year earlier, while deliveries in China tumbled more than a third to 424,300 vehicles.
- Jun 26
Volkswagen plans 100,000 job cuts and closure of four German plants in deepest overhaul in its 89-year history
Europe's largest carmaker weighs a radical restructuring that would double earlier cut targets, break a union pact, and shrink production capacity to 9 million vehicles a year.
