Volkswagen’s supervisory board unanimously approved a comprehensive transformation plan, presented by management as the Future Plan, that could include around 50,000 job cuts, including management positions. The company said further fundamental adjustments to global workforce levels, beyond existing programs, are needed to improve efficiency, address competitive pressure and protect the group’s competitiveness. Volkswagen did not provide a timetable or explain how reductions would be allocated among brands and regions. Earlier restructuring details described the potential elimination of approximately 50,000 jobs through 2030, alongside a target of 9% operating return on sales by 2030, about €31 billion in operating profit, and €135 billion of planned investment from 2027 to 2031. The company is also reviewing alternative uses for plants in Emden, Zwickau, Hanover and Neckarsulm, where it said competitive production cannot currently be guaranteed. The measures come as Volkswagen faces weaker sales in China, high German labor and manufacturing costs, excess capacity, U.S. tariffs and stronger Asian competition. U.S.-traded Volkswagen ADRs rose more than 5.5% after the earlier announcement.