Morning Briefing: The Shrinkage Plan of Volkswagen CEO Blume Is Shrinking – for the Time Being
11 Articles
11 Articles
Factory closures and job reduction: The VW Supervisory Board has not gone through the radical proposals of the Executive Board. The Group remains like its home country – a reform building site.
According to SZ information, the VW Board of Management and its savings plans have for the time being failed in the Supervisory Board. Corporate CEO Blume "started as a tiger and became a bed waiter," says an insider.
VW plans to cancel half of its models. However, important figures are not mentioned. This leads the works council to white gluten. Within one day, the head of the company is supposed to explain himself. At first, his plan probably failed.
The supervisory board of the Volkswagen Group rejected a package of austerity measures presented by CEO Oliver Blume at its meeting on Thursday, the Süddeutsche Zeitung newspaper wrote on Friday, citing sources within the group. The report comes from the DPA agency. According to the newspaper, the plan was rejected by representatives of...
VW CEO Oliver Blume's cost-cutting plan has apparently failed to gain approval from the supervisory board. According to the Süddeutsche Zeitung, citing company sources, the VW board's proposed cost-cutting measures were rejected by the supervisory board on Thursday. The state of Lower Saxony and employee representatives voted against them, resulting in a defeat of seven to twelve votes. The VW Group has not yet commented. "The situation was ver…
The savings package of VW CEO Oliver Blume was rejected at the Supervisory Board meeting on Thursday after a media report.
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Bias Distribution
- 67% of the sources lean Right
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