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Workers Reeling After VW Cuts Open Door to Factory Closures
Volkswagen said the cuts would bring total planned reductions to 100,000 jobs as investors welcomed a deeper overhaul to compete with cheaper Chinese rivals.
Summary by France24
4 Articles
4 Articles
Workers reeling after VW cuts open door to factory closures
The German 10-brand group, which apart from its namesake also includes the likes of Skoda, Audi, Seat and Porsche, said late Thursday it would cut an additional 50,000 jobs, bringing total planned reductions to 100,000. That makes it the largest restructuring programme in global automotive history, exceeding the 50,000 cuts General Motors made after declaring bankruptcy in 2009. Investors have cheered the cuts, seeing them as a sign Volkswagen c…
·Issy-les-Moulineaux, France
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Works closures are not inevitable, says Christiane Benner, Chairman of IG Metall. There is an opportunity to develop alternatives for the works.
Fury and disappointment: Workers reeling after VW cuts open door to factory closures
·Luxembourg City, Luxembourg
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Total News Sources4
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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