local
Volkswagen reportedly planning to axe 100,000 jobs
By CNN Newsource at KVIA ABC-7
· June 26, 2026
· 2 min read
By Anna Cooban, CNN
London (CNN) — Volkswagen, one of the world’s largest automakers, is reportedly planning to axe as many as 100,000 jobs over the next few years, representing 15% of its global workforce.
The job cuts would come alongside the planned closure of four factories in Germany and...
Key takeaway The job cuts would come alongside the planned closure of four factories in Germany and a 15% reduction in investment over the next five years, according to a report Friday by Manager Magazin, a German business magazine.
Why this matters in The El Paso
As El Paso residents consider the impact of global economic trends on their community, the potential job cuts at Volkswagen serve as a reminder that the city's own automotive industry, though smaller, is not immune to similar pressures. With the city's proximity to the US-Mexico border, El Paso's economy is closely tied to international trade, and any significant shifts in the global automotive market could have ripple effects on local businesses and employment. While Volkswagen does not have a major presence in El Paso, the city is home to a number of smaller automotive manufacturers and suppliers that could be affected by changes in the industry. As the city continues to diversify its economy and attract new businesses, the potential for job losses in the automotive sector is a concern that local leaders will likely be watching closely.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 26, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 2 min
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What is this story about? By Anna Cooban, CNN
London (CNN) — Volkswagen, one of the world’s largest automakers, is reportedly planning to axe as many as 100,000 jobs over the next few years, representing 15% of its global workforce.
The job cuts would come alongside the planned closure of four factories in Germany and...
When was this published? This article was first published on June 26, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
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