Crisis-Ridden Automaker: VW Brand Leader Announces Pace with Ongoing Austerity Program

Kronen Zeitung

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At Volkswagen and Mercedes, austerity is intensifying. While VW is announcing further cuts and discussing the future of several locations, Mercedes even envisages plant closures. Thousands of employees have already protested against the planned measures.

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At a factory meeting in Wolfsburg, Markenchef Schäfer has no good news in his luggage. The signs are on storm, warns works council chief Cavallo.

nachrichten.at

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WOLFSBURG/STUTTGART. The head of the brand and the chairman of the works council are voting for tough times on Monday. Mercedes also says: plant closures if costs do not fall.

suedtirolnews.it

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In the struggle for the next round of savings at Europe's largest car manufacturer Volkswagen, Brand CEO Thomas Schäfer is coming to a speed. We have absolutely no time to lose and will therefore re-examine clearly in our performance program, said Schäfer at a company meeting in Wolfsburg on Monday. -Wegsehen solves no problems.- About the how to talk now with the employee representatives. [...]

vienna.at

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In the struggle for the next round of savings at Europe's largest car manufacturer Volkswagen, Brand CEO Thomas Schäfer is pressing for speed. "We have absolutely no time to lose and will therefore significantly replenish our performance program," said Schäfer at a company meeting in Wolfsburg on Monday. "Looking away solves no problems."