VW's Blume Says Overhead Costs 30% Above Rivals, 50,000 Jobs Figure a Guide
6 Articles
6 Articles
Right after the summer break, Volkswagen is facing restless days. Tens of thousands of jobs are to be threatened, even locations may be at risk. How does VW CEO Blume see the situation?The factory holidays are almost over, and Volkswagen is over: Corporate CEO Oliver Blume described a tense situation for the largest car manufacturer in Europe just before a series of company meetings. "The situation is more than critical", said the Group CEO in a…
According to Oliver Blume, the savings made at VW so far are not sufficient. In an internal interview, he calls the company "oversized".
Shortly before a series of company meetings, Volkswagen CEO Oliver Blume paints a gloomy picture for the car company. Tens of thousands of jobs and several locations are at stake as part of an intensified austerity policy.
After the summer break, Volkswagen is facing restless days. Tens of thousands of places are said to be threatened, even locations may be in danger.
Volkswagen CEO Oliver Blume has sent a bleak video message to his German employees in which he calls the state of Europe's largest carmaker "more than critical." Four German factories will not be profitable over the coming decade.
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