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Business & Finance

Volkswagen to lay off 1,600 staff at Cariad software unit, Handelsblatt reports

Published March 11, 2025 Updated March 11, 2025 08:46pm
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By Reuters
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BERLIN: Volkswagen plans to lay off 1,600 staff at its Cariad software unit by the end of the year, the Handelsblatt business daily reported on Tuesday, citing company sources.

The layoffs, impacting almost 30% of the 5,900 people employed at Cariad, are to mainly take place via redundancy programmes, the report added.

Volkswagen sees flat margin as cost cuts, trade tensions weigh

Handelsblatt said the company confirmed the information.

Volkswagen jobs layoffs cut jobs

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