Volkswagen Boss Braces German Workers for More Job Cuts
Oliver Blume said Volkswagen may need another 50,000 cuts worldwide as China sales weaken, tariffs rise and European demand stays soft.
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Of the approximately 50,000 additional job cuts planned at Volkswagen, about half concern Germany. Trade unions estimate that confidence in management is "abated" Around half of the 50,000 additional job cuts planned at Volkswagen will affect Germany, said on Tuesday the group's boss, trying to rally employees up against the vast social plan of the manufacturer in crisis.At a staff meeting at the headquarters in Wolfsburg (north), the president …
Volkswagen boss braces German workers for more job cuts
VW, long a titan of German industry, has struggled with Chinese competition, US tariffs and patchy demand in Europe, including for its electric vehicles. About 50,000 job cuts have already been agreed across the 10-brand Volkswagen Group -- mostly at VW, Audi and Porsche -- but the firm has said another 50,000 could be required worldwide to slash costs. Speaking in front of about 10,000 workers at VW's Wolfsburg factory, CEO Oliver Blume said it…
The CEO of the company starts a round by the large German plants to explain the measures and denies that it has already decided to reduce the workforce by 50,000 or close factories in the country
About half of the 50 000 additional job cuts planned at Volkswagen will affect Germany, said on Tuesday the group's boss, trying to rally employees up against the vast social plan of the manufacturer in crisis.
However, management will have to convince even the German employee representatives of this.
Half of the 50,000 job cuts announced by the additional auto giant will affect Germany.
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