#Volkswagen #OliverBlume [#Germany](<https://austriareport.com/hashtag/germany>)



# Volkswagen CEO Warns of Massive Job Cuts

August 26, 2026 at 11:52 AM

> CEO Oliver Blume signals up to 50,000 potential job losses as high costs and competition impact Volkswagen's operations in Germany.

**Volkswagen** CEO **Oliver Blume** addressed 10,000 employees at a Wolfsburg works meeting on Tuesday, revealing a significant crisis. Reports indicate up to 50,000 jobs are at risk across the company, with Blume stating that half of these cuts could hit **Germany**.

Appearing on the ZIB2 news program, VDA representative Simon Schütz noted that while the German auto industry remains profitable, the nation is losing its competitive edge. High energy prices, taxes, and labor costs are driving investments to the US and China.

The situation impacts a broad supply chain, including up to 300 Austrian companies providing parts to Volkswagen. Schütz warned that current location conditions in Germany are preventing essential investments in future technologies needed for long-term growth.



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