Volkswagen labour chief says confidence in CEO damaged but can be repaired
- Volkswagen CEO Oliver Blume urged employees to support a restructuring plan that could cut up to 50,000 jobs, emphasizing it as the largest transformation in Volkswagen's history and calling factory closures a last resort with no final decisions made yet.
- The company faces pressure from Chinese competition, falling profits, tariff costs, and overcapacity in Europe, with some German plants lacking future prospects beyond 2030.
- Over 10,000 workers protested Blume's speech at Volkswagen headquarters, with labor leaders stating that trust in management has been damaged but is not beyond repair.
17 Articles
17 Articles
VW boss Blume announces even more part-time, but wants to avoid factory closures. Works councilwoman Cavallo nevertheless attacks him hard. A factory cost invoice also causes a stir.
Volkswagen CEO faces angry workers in push for radical cuts
VW CEO Oliver Blume urged employees to 'pull together' behind the restructuring plan, while labour leaders warned that trust in management had been damaged. (EPA Images pic)BERLIN: More than 10,000 Volkswagen workers gathered at the carmaker's headquarters on Tuesday, some booing CEO Oliver Blume as he urged staff to "pull together" behind a restructuring that could cut up to 50,000 jobs, sources at the meeting said.Speaking at Volkswagen's home…
Volkswagen could axe 100,000 jobs as company prepares for crunch talks with workers
Volkswagen could axe thousands of additional staff under radical plans to make the company's workforce smaller and amend production patterns.CEO Oliver Blume is expected to speak with workers today regarding the company's restructuring plans, which could lead to 100,000 job losses.Mr Blume and Volkswagen brand chief Thomas Schäfer are expected to speak at the company's Wolfsburg factory as part of town hall gatherings over the coming days.Bloomb…
Volkswagen's CEO and his team start this week on a journey through German factories to convince workers of the need for radical restructuring. Oliver Blume meets with the workers of Wolfsburg, the headquarters of the car manufacturer, to try to reach an agreement
A number of VW business meetings begin at the Wolfsburg headquarters. Head of the Group Oliver Blume describes plant closures as »the last solution«.
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- 62% of the sources lean Right
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