VW Board Set to Decide on âZielbild 2030â as Capgemini Cuts Signal Growing Turmoil in Germanyâs Automotive Heartland
Published on 06/28/2026 at 09:55 | Redaktion boerse-global.de
A crucial supervisory board meeting at Volkswagen on July 9 will determine the fate of what could be the largest job-shedding plan in the companyâs history, just as a separate IT-service provider in Wolfsburg announced it will cut more than three-quarters of its local staff. The twin developments have deepened anxiety across Germanyâs automotive region.
Under the internal name âZielbild 2030,â VWâs management â led by CEO Oliver Blume â is preparing a restructuring that may affect up to 100,000 jobs worldwide, a sharp increase from the 50,000 previously communicated. Four German plants are seen as particularly at risk: Hannover, Emden, Zwickau and Audiâs Neckarsulm site. A company spokesperson confirmed the transformation would be far-reaching.
Workersâ representatives and the IG Metall union have pledged to fight any factory shutdowns with full force. The state of Lower Saxony, which together with employee representatives holds a majority on the supervisory board, has already voiced clear opposition to closures. The federal government, while stressing that business decisions remain the companyâs prerogative, said its goal is to avoid shutdowns.
The July 9 board meeting will address these plans. Analysts view the job-cut figures as a possible negotiating tactic, noting that existing employment guarantees at several locations rule out operational redundancies until 2030 or 2033.
Meanwhile, the IT outsourcer Capgemini announced it will reduce its workforce at the Wolfsburg-Warmenau site from 300 to just 70 employees. The IG Metall chapter in Wolfsburg sharply criticized the move and called for investment instead of cuts. A works meeting was held on June 24, followed by a union membersâ assembly on June 25 to coordinate a response.
Wolfsburgâs mayor, aware of mounting pressure in the automotive sector, urged companies to keep their existing promises. The Capgemini cuts are seen as an early warning for the broader supplier and service ecosystem that depends on Volkswagenâs health.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
