VW CEO Blume reaffirms job cuts at Volkswagen

General Meeting VW CEO Reaffirms Cost-Cutting Course—Supervisory Board Loses Member

2026-06-19 Source: dpa | Translated by AI 2 min Reading Time

Volkswagen CEO Oliver Blume remains committed to the company's planned cost-cutting strategy, including the reduction of overcapacities. At the same time, the supervisory board unexpectedly loses a member.

Oliver Blume has reaffirmed the automaker's cost-cutting strategy.(Source: Volkswagen) — Oliver Blume has reaffirmed the automaker's cost-cutting strategy.
(Source: Volkswagen)

Volkswagen CEO Oliver Blume defended his cost-cutting strategy at the company's general meeting. "By 2026, the conditions in the automotive industry will have become even more challenging," he said, according to a pre-released speech manuscript at the virtual shareholder meeting. "Our situation is tense and demanding." The company must respond to this.

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