Volkswagen Chief Warns Company's Situation 'More than Critical'
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The Economic Times
Times of IndiaVolkswagen chief warns company's situation 'more than critical'
Volkswagen's CEO warns of a critical state and major upheaval in the auto industry. The company faces significant challenges from global headwinds and Chinese competition. Volkswagen is considering substantial job cuts and potential plant closures in the coming days. Discussions are ongoing regarding alternative industrial uses for affected factory sites. The union has criticized management's proposed savings plans and vowed to resist closures.
Volkswagen chief warns carmaker’s situation ‘more than critical’
The carmaker is weighing up huge job cuts. In the coming days, the CEO will meet with employees at Volkswagen’s headquarters in Wolfsburg and sites in Zwickau and Emden to give updates on the company’s plans.
Over the past few hours, the CEO has defined the situation as "critical," and on Tuesday he will meet the employees in Wolfsburg's historic factory for the first time. The project could involve up to 140 thousand cuts.
Volkswagen to cut jobs? CEO Oliver Blume warns employees carmaker's situation ‘more than critical’
Volkswagen CEO Oliver Blume warned employees the carmaker's position is “more than critical” adding that the company and the German car industry is facing “the biggest upheaval in their history” due to global headwinds and Chinese competition.
The CEO of German car giant Volkswagen warned on Sunday that the company is in a more than critical situation.
Volkswagen CEO Oliver Blume has called on the entire workforce to be united in view of the challenges facing the German car company. "It is important for the next few weeks: everyone has to move in. We have put on the biggest transformation plan in the history of the Volkswagen Group, Blume agreed with the VW workforce in an interview with the "Bild am Sonntag" on a probably profound crisis mode.
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