Europe’s Biggest Carmaker to Shed 100,000 Jobs in Historic Overhaul - The Press United
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The car company makes official its slimming, which includes the possible closure of four factories in Germany and the suppression of the less profitable models Nvidia acquires for 11,130 million euros Hugging Face, reference in models of
Europe’s biggest carmaker to shed 100,000 jobs in historic overhaul - The Press United
Volkswagen will cut out roughly one in seven workers and could shut four German plants German car giant Volkswagen is set to shed around 100,000 jobs worldwide after management and unions agreed to cut a further 50,000 positions by the end of the decade, the company has said. The reductions would amount to roughly one […] The post Europe’s biggest carmaker to shed 100,000 jobs in historic overhaul appeared first on The Press United | Internation…
The Volkswagen Group, in addition to the brand of the same name, also includes Audi and Porsche.
German carmaker Volkswagen has approved a total of 100,000 job cuts by 2030 to combat competition from Chinese competitors and rising cost pressures. The company will stop production in some of its factories between 2031-2034, halving the number of models and launching a transformation program with an investment of 'three digit billion euros'.
The Volkswagen Supervisory Board unanimously approved the toughest restructuring plan in the history of the concentrate, wrote Bild. Four factories could be shut down, the number of models would be halved, and the production of internal combustion engines would probably stop.
Worldwide, Volkswagen will cut 100,000 jobs and close four factories. The group has been one of the most affected by the industry crisis, with sales and profits falling. Portugal should escape this wave of redundancies. No cuts are planned in Autoeuropa in Palmela.
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