Volkswagen to cut 100,000 jobs by 2030

German manufacturer approves a plan that involved 'the reduction of about 50,000 jobs, on top of another 50,000 already agreed

Car manufacturer Volkswagen has announced it will shed 100,000 jobs by the end of the decade after being hit by US tariffs and fierce competition from Chinese rivals. Picture: Sean Gallup/Getty 

Car manufacturer Volkswagen has announced it will shed 100,000 jobs by the end of the decade after being hit by US tariffs and fierce competition from Chinese rivals.

The German manufacturer said management and unions had agreed as part of a sweeping cost-cutting plan to cut a further 50,000 positions by 2030, bringing total job losses in the pipeline to 100,000.