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Pace of Volkswagen job cuts slows as fewer staff agree to leave

Decrease in take-up of early retirement and voluntary redundancy programmes since June

Volkswagen has suffered a dramatic slowdown in the number of workers agreeing to quit their jobs at its German sites as the carmaker attempts a sweeping cost-cutting plan.

The ailing group is trying to reduce employee numbers at VW brand sites in the country by 35,000 by 2030 compared with levels at the start of 2024.

But it remains 10,000 short of that goal as the number of staff accepting redundancy or early retirement plummeted in the three months to September, according to an internal memo seen by the Financial Times.

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