VW Boss Heads for Labor Showdown With Chances of Accord Receding
11 Articles
11 Articles
In the VW Supervisory Board, the decisive battle for the future of the German auto icon is taking place this Friday. A commentary by Georg Anastasiadis.
On Friday, the entire car industry is looking into Wolfsburg, Germany, when the austerity program is on the agenda. But who really decides the fate of Europe after sales of the largest industrial group? The answer leads to Austria.
In Wolfsburg, VW CEO Oliver Blume is facing the toughest test of power so far. Board of directors, works council and the state of Lower Saxony are wrestling for the future course. On Friday, it is decided whether VW will find a compromise - or whether the conflict will escalate. Both would have consequences.
Chairman of the Supervisory Board Hans Dieter Pötsch has desperately tried to avoid the "total damage". Employees and the country are now examining a violent measure.
VW Boss Heads for Labor Showdown With Chances of Accord Receding
Volkswagen AG Chief Executive Officer Oliver Blume is heading into Friday’s crunch supervisory board meeting with little sign a compromise with labor officials on his sweeping restructuring plan is attainable.
Can the divided Supervisory Board finally be satisfied? Because while VW is fighting, the competition continues to build vehicles for an increasingly demanding market.
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