Volkswagen Group Estimates that Half of the Planned 100,000 Layoffs Until 2030 Will Be in Germany
8 Articles
8 Articles
"Our market shares are growing, but it's not enough yet," said his CEO at a meeting with the German workforce, while the company decks a cut of up to 100,000 jobsVolkswagen evaluates adjustments "in all brands, companies and regions" The CEO of the German automotive group Volkswagen, Oliver Blume, assured the workforce this Tuesday that savings measures are needed. "We need to reduce complexity, simplify our structures coherently and reduce cost…
The German giant plans to eliminate 100,000 jobs around the world, shut down four factories and cut its European capacity to face 30% higher costs than its rivals by 500,000 vehicles.
Half of all jobs Volkswagen plans to cut in a new reorganization will be lost in Germany. This was announced by Oliver Blume, CEO of the German car group. According to the Volkswagen boss, the measures are necessary because the company's fixed costs are 30 percent higher than those of competitors.
The CEO of the company, Oliver Blume, justifies the biggest transformation plan in its history to tackle costs 30% higher than the competition and the collapse of sales in China Read
The managing director of the Volkswagen group, Oliver Blume, said this Tuesday that it will cut approximately 50,000 jobs in its centers of activity in Germany until 2030, as part of its plan to recover profitability. A news that was received with booing by the employees and that coincides with the announcement that Volkswagen Navarra is advancing in the start of the weekend shift, a measure that will involve the incorporation of more than 1,000…
The Volkswagen Group can take new savings measures to deal with the delicate situation in which it finds itself. In recent months, it has speculated on the closure of factories and cut of 100,000 jobs.
Coverage Details
Bias Distribution
- 75% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
