Volkswagen CEO Tells Factory Staff Cost-Cutting Journey ‘Is Not Over’
Blume said Volkswagen must cut costs further as the automaker weighs plant closures and a plan that could eliminate up to 100,000 jobs.
- Volkswagen CEO Oliver Blume visited the Emden plant on Tuesday, urging workers to boost savings as rising competition and high costs threaten the facility's future.
- Europe's largest automaker faces rising competition from Chinese manufacturers and higher tariff costs, prompting controlling shareholders to demand faster restructuring and cost cuts.
- Emden remains one of four factories currently lacking a business plan beyond 2030. Blume noted German labor costs are more than double those of comparable European locations.
- Porsche chairman Hans Dieter stated that decisions made now will determine Volkswagen's future, urging everyone to take responsibility for sustainable competitiveness.
- Blume promised to "fight for industrial prospects and jobs at our locations," describing plant closures as a costly last resort while acknowledging an increasingly narrow transformation window.
22 Articles
22 Articles
Volkswagen, like other German automakers, is in crisis. VW CEO Oliver Blume defends the austerity course at a company meeting at the Emden plant. Tens of thousands of jobs are on the tip, including in the management floor.
Volkswagen's director-president, Oliver Blume, challenged the workers at the German assembler's factory in Emden, who can face closure under the company's restructuring plan, to step up economic efforts, warning that costs are still very high compared to competitors. This journey has not ended. Because we did not measure ourselves only by our own past performance. We measured ourselves against the best locations in Europe," Blume told the employ…
The austerity course at VW also meets the management days. Mainly administrative, development and sales are affected. Head of the Group Oliver Blume speaks of a »joint force act«.
Volkswagen CEO tells staff cost-cutting journey 'is not over'
In Emden, VW-Boss Blume addresses the questions of the workforce. In doing so, he announces that he will also look closely at management.
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