IJR News — today's news from every side

IJR News — today's news from every side

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Report Puts Volkswagen Restructuring Cost at €16 Billion — Sep 10, 2026Volkswagen’s restructuring is poised to cost about €16 billion ($18.6 billion), covering job cuts worldwide and possible plant closures or model phase-outs at four German facilities as part of its largest-ever overhaul. The plan targets up to 60,000 further jobs worldwide and throttling back production at Emden, Zwickau, Neckarsulm, and Hanover to sharpen efficiency amid fierce competition from China, tariffs, and overcapacity.

Elena Vasquez Closing or scaling back four German plants shows how serious the overcapacity problem has become for the whole industry.