Volkswagen's board rejects CEO's plan to cut 1 lakh jobs: Report
Vaishnavi Mishra, Published on Jul 12th, 2026

Volkswagen's supervisory board voted against CEO Oliver Blume's sweeping restructuring plan, which included closing four German plants and reducing up to 1 lakh jobs, Reuters reported. The committee voted 12-7 against the proposal after opposition from labour representatives. Notably, Volkswagen's governance structure gives union representatives and Lower Saxony a majority on supervisory board.
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