Volkswagen takes a plan for 50,000 job cuts to its workers
Chief executive Oliver Blume presented what he called the largest transformation programme in the company's history to angry staff. The restructuring could close as many as 50,000 positions. Blume said everyone needs to pull together. The labour leader Daniela Cavallo said the workforce's trust in the executive board had been damaged, not yet beyond repair but damaged nonetheless.
Economics & Markets··Night
Reported development
Volkswagen takes a plan for 50,000 job cuts to its workers Chief executive Oliver Blume presented what he called the largest transformation programme in the company's history to angry staff. The restructuring could close as many as 50,000 positions. Blume said everyone needs to pull together. The labour leader Daniela Cavallo said the workforce's trust in the executive board had been damaged, not yet beyond repair but damaged nonetheless. Blume said everyone needs to pull together. The labour leader Daniela Cavallo said the workforce's trust in the executive board had been damaged, not yet beyond repair but damaged nonetheless.[1]
Details in the report
Chief executive Oliver Blume presented what he called the largest transformation programme in the company's history to angry staff. The restructuring could close as many as 50,000 positions. Blume said everyone needs to pull together. The labour leader Daniela Cavallo said the workforce's trust in the executive board had been damaged, not yet beyond repair but damaged nonetheless. Car production at Osnabrück could end as early as next year, while Emden, Zwickau, Neckarsulm, Hanover and one further site face uncertainty from 2030. The plan has not yet cleared the supervisory board, where labour representatives and the state of Lower Saxony carry weight. The company is absorbing falling Chinese profits, Chinese competition and the cost of US tariffs.[1]
Additional context
Volkswagen takes a plan for 50,000 job cuts to its workers Chief executive Oliver Blume presented what he called the largest transformation programme in the company's history to angry staff. The restructuring could close as many as 50,000 positions. Blume said everyone needs to pull together. The labour leader Daniela Cavallo said the workforce's trust in the executive board had been damaged, not yet beyond repair but damaged nonetheless. Car production at Osnabrück could end as early as next year, while Emden, Zwickau, Neckarsulm, Hanover and one further site face uncertainty from 2030. The plan has not yet cleared the supervisory board, where labour representatives and the state of Lower Saxony carry weight. The company is absorbing falling Chinese profits, Chinese competition and the cost of US tariffs.[1]
