Volkswagen Is Considering up to 100,000 Job Cuts Worldwide by 2030
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The facts: Volkswagen to cut 140,000 jobs according to unions – major reorganization imminent Source: ANP, Volkswagen, Autoweek Volkswagen plans to cut 100,000 jobs in a new global reorganization, half of which will be in Germany. CEO Oliver Blume says further measures are necessary because the group's fixed costs are approximately 30 percent higher than those of competitors. At the same time, Volkswagen aims to significantly increase profitabil…
Located in the Metalliferous Mountains, this town in the east of Germany is considered one of the cradles of automobile construction. But this legacy is now threatened due to the economic difficulties of the Volkswagen Group, analyses the overseas press while 100,000 jobs are threatened in the group.
The German car manufacturer is going through a deep crisis, marked by massive postal cuts and the threat of plant closures, against the backdrop of Chinese competition and the transition to electricity.
In order to achieve its goals, VW wants to open up new vintages for part-time age. Time could become more and more important.
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