Biggest Restructuring Deal Ever Eases Crisis at Volkswagen
6 Articles
6 Articles
They have been fighting for months. Now, surprisingly, the powerful members of the Wolfsburg Supervisory Board have agreed on a restructuring plan. The stock exchange reacts with ease, but employees continue to tremble. What questions remain unanswered?
The details of the employment cut-off programme should be negotiated between management and trade unions, which obtained a guarantee
The Volkswagen arrow rose in Frankfurt's trades Friday, after the board of directors of Europe's largest automobile manufacturing company, late yesterday evening Thursday, reached an agreement that prevented an escalation of the situation with trade unions.
This Thursday (3 September), the Volkswagen Group approved a massive restructuring plan with several measures. Markets reacted positively, with stock increase in stock in Stock in more than six percent.
The restructuring plan of the German car concern Volkswagen is a step in the right direction. However, it does not mean the solution to all the problems of the company. An important factor will be, among other things, how the management of the concern manages to implement the plan. This follows from the opinions of analysts quoted by Reuters and Bloomberg. Volkswagen shares today reacted to Thursday's approval of the plan with a significant incr…
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