Mass Redundancies, Factories to Close, Production Reduction: What Happens to the Volkswagen Group?
5 Articles
5 Articles
The management of the Volkswagen group, led by Oliver Blume – former president of Porsche – admits firing about 100,000 workers, which can go through the closure of four factories in German territory, something never seen in the history of the company
The conflict between the Volkswagen leadership and the German unions is intensifying before a decisive meeting of the Supervisory Board, which will vote on three rival restructuring plans on Friday. IG Metall warns that employees from all the plants will oppose any attempt to reopen the restructuring agreement agreed less than two years ago, says Reuters.
The conflict between the Volkswagen leadership and the German trade unions is intensifying before a decisive meeting of the Supervisory Council, which will vote on three rival restructuring plans on Friday.
Getty Images Volkswagen is facing increasing internal tensions as management addresses employees in Hanover on Monday during the latest in a series of extraordinary works councils regarding drastic cost-cutting plans. The German automaker is considering deeper restructuring measures than existing plans, causing widespread fears of factory closures and tens of thousands of job losses. Chief Executive Oliver Blume warned that the company's existin…
The largest car manufacturer in Europe is preparing an unprecedented staff cut. Oliver Blume, Volkswagen's CEO, would like to double the number of planned redundancies by up to 50,000 jobs. Blume would like to double the number of redundancies from Volkswagen Plan does not stop at staff. According to Reuters, the group's management is looking at closing [...] The post Volkswagen could eliminate up to 50,000 jobs. What is decided on September 4 a…
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