Once Germany’s Dream Employer, Volkswagen Now Faces Layoffs, Closures and Worker Revo
6 Articles
6 Articles
German carmaker Volkswagen is facing growing resistance from employees over its austerity plans. After Tuesday's extraordinary meeting in Wolfsburg, management talks with employees are continuing at other German plants. They took place in Baunatal on Friday morning and in Salzgitter in the afternoon. Fears of further job cuts and possible factory closures are growing. The closure of up to four plants is being considered.
Volkswagen Layoffs Coming? Know What CEO Oliver Blume Warned Workers About | 🚘 LatestLY
Volkswagen CEO Oliver Blume has warned workers that the automaker faces sweeping layoffs and intense cost pressures amid global market shifts. As per reports, high labor expenses and intensifying competition are forcing management to pursue major structural overhauls, triggering fierce pushback from labor unions across Germany. 🚘 Volkswagen Layoffs Coming? Know What CEO Oliver Blume Warned Workers About.
Once Germany’s dream employer, Volkswagen now faces layoffs, closures and worker revo
Workers accuse management of hiding the scale of the crisis as automaker weighs deeper cuts, falling profits squeeze investment and Germany’s auto industry struggles with China, energy costs and weaker demand
Around 50,000 layoffs have already been agreed across the Volkswagen group, but the company has said another 50,000 job cuts could be needed. The post Volkswagen: Employee anger as new layoffs announced – Boos and whistles at CEO appeared first on in.gr.
Speaking in Volkswagen's headquarters city, CEO Oliver Blume has hinted at the elimination of up to 50,000 jobs.
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