After Supervisory Board Decision: Reads Sees VW Long and Painful Conversion
14 Articles
14 Articles
The Supervisory Board's decision is taken, but the really difficult decisions come first: Lower Saxony's Prime Minister sees Volkswagen at the beginning of a painful conversion – and does not make false hopes for the plants in Emden and Hanover.
A week ago, the Supervisory Board unanimously approved the savings package of the VW Group. The Management Board plans to cut tens of thousands of jobs. An expensive matter: The Group estimates several billions for severance payments, part-time retirement and social plans.
The car manufacturer Volkswagen is facing massive job cuts and profound restructurings. Prime Minister Olaf Lies warns of a painful process in which the future of several German plants is also at stake.
Volkswagen is facing the most comprehensive transformation of its history. This has been established since last week. However, many difficult decisions are still to be made - for job cuts and four plants.
Volkswagen is facing the most comprehensive transformation of its history. This has been established since last week. However, many difficult decisions are still to be made - for job cuts and four plants.
The Volkswagen Group's supervisory board unanimously approved the "Future Plan 2030" formulated by the executive board.
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