How China Cost Volkswagen 100,000 Jobs
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7 Articles
The German group has just endorsed the largest restructuring in its history. An industrial shock that threatens its European factories and suppliers, in the wake of the historic victory of the far right in Saxony-Anhalt.
More than a million Volkswagens drive on Dutch roads. The group that builds them approved the largest restructuring plan in its history on September 4: the Supervisory Board voted unanimously in favor of a plan in which 50,000 jobs will be lost, on top of an earlier round of even...
Volkswagen looses the ballast by officially announcing the removal of 100,000 jobs. In order to stay afloat in the storm of the automotive industry, the brand also plans to reduce its range by half.
With cuts of 100,000 jobs and risk in German factories, Volkswagen restructuring will have decisive tests by 2030
German automotive giant Volkswagen has launched its largest restructuring in its 89-year history, planning to cut approximately 50,000 jobs by 2030, bringing the total number of layoffs to 100,000, or about 15% of its global workforce. The company also expects to reduce its model lineup by half by 2035.
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