Volkswagen Redundancies: 50,000 Posts on the Negotiating Table
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Getty Images Volkswagen is facing increasing internal tensions as management addresses employees in Hanover on Monday during the latest in a series of extraordinary works councils regarding drastic cost-cutting plans. The German automaker is considering deeper restructuring measures than existing plans, causing widespread fears of factory closures and tens of thousands of job losses. Chief Executive Oliver Blume warned that the company's existin…
The largest car manufacturer in Europe is preparing an unprecedented staff cut. Oliver Blume, Volkswagen's CEO, would like to double the number of planned redundancies by up to 50,000 jobs. Blume would like to double the number of redundancies from Volkswagen Plan does not stop at staff. According to Reuters, the group's management is looking at closing [...] The post Volkswagen could eliminate up to 50,000 jobs. What is decided on September 4 a…
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