Volkswagen Restructuring Puts up to 1,40,000 Jobs at Risk
5 Articles
5 Articles
Germany will account for 75,000 job losses until the end of the decade. Another 40,000 jobs would result from the closure of four factories in Germany. More information: Volkswagen Group plans to reduce 100,000 jobs worldwide by 2030
Volkswagen worker representatives warn of a massive reduction in jobs in Germany. The president of the works council,...
The automotive industry faces pressure due to customs policies and new competitors.
The CEO, Oliver Blume, says that restructuring is necessary because the fixed costs are 30% higher than those of its competitors
Volkswagen restructuring puts up to 1,40,000 jobs at risk
Volkswagen’s workforce restructuring is facing growing opposition from employee representatives, with labour leaders warning that as many as 1,40,000 jobs could eventually be exposed to cuts or plant closures. The figure is a broader estimate of roles that could be affected by the company’s restructuring plans. It includes around 50,000 positions already covered by planned workforce reductions, another 50,000 that could face cuts and approximate…
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