Volkswagen labour chief says confidence in CEO damaged but can be repaired
Workers say management’s communication has been disastrous as Volkswagen weighs another 50,000 job cuts and questions the future of four German plants.
- On Tuesday, Volkswagen CEO Oliver Blume began a tour of nine extraordinary meetings with employees in Wolfsburg to address escalating anxiety over future jobs and plant closures.
- Mounting financial pressure prompted the restructuring, as Volkswagen reported an 11.6% decline in first-half operating results and indicated that cutting 50,000 additional positions could be required.
- An internal survey by the works council found employees "unsettled and frightened" by public communication, with workers describing the board's approach as "disastrous" and ranking it as their top grievance.
- During the Wolfsburg meeting, works council chair Daniela Cavallo told executives that "trust" in the board "has been damaged," though she maintained the relationship is "not yet beyond repair."
- Although no final closure decisions have been made, Blume acknowledged that four plants are not expected to reach competitive capacity utilisation in the 2030s, stating management "cannot currently see any way of them remaining profitable.
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"We need to reduce complexity, simplify our structures in a coherent way and reduce costs," said Oliver Blume during a meeting with the workers at the group's headquarters in Wolfsburg
With its conversion plan for Europe's largest car manufacturers, VW CEO Oliver Blume encounters massive protest from the employees. The overall works council considers the trust in the Volkswagen boss to be damaged.
More than 10,000 Volkswagen employees, concentrated inside and outside pavilion 11 of the main plant of the automotive brand in Wolfsburg have received CEO Oliver Blume with booing and booing. IG Metall’s union representatives have shown banners with slogans such as “Stop breaking the agreement!” or “Our jobs are not the adjustment of your balance sheet!”, in the first of the nine meetings Blume will hold with Volkswagen’s staff to explain the b…
VW CEO Blume explains his savings plans at a business meeting in Wolfsburg. Much remains vague. This is also because there is resistance – and not only from the works council.
More than 10,000 employees gathered at the Volkswagen headquarters in Wolfsburg on Tuesday to answer questions about the future of the crisis-ridden company, with CEO Oliver Blume answering them.
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