New Delhi, June 3 -- Global automaker Volkswagen plans to lay off 35,000 jobs in Germany by the year 2030 as part of the company's cost-cutting program amid the ongoing Trump tariffs looming over the German automotive industry, reported a local news portal, Bild, on Tuesday, 3 June 2025.

More than 20,000 workers at the core of the Volkswagen brand have agreed to end their contracts early, taking a voluntary retirement, according to the news portal's report, citing a works council meeting at Volkswagen's Wolfsburg headquarters.

The job cuts are expected to be concentrated at German plants of the automaker, and the company aims to carry out the reductions in an "acceptable manner," with those affected agreeing to the terms.

The German au...