Volkswagen Approves Plan to Cut 50,000 More Jobs in Historic Restructuring
14 Articles
14 Articles
The German manufacturer is undergoing a “deep restructuring” after being affected by US tariffs and the fall in its sales in Asia
Volkswagen goes through one of the biggest restructurings in its history. The group prepares deep cuts in employment and production. How did one of the world's largest car manufacturers get to this situation? The analysis of this theme was done by the journalist of the Expresso Vítor Andrade's Economy section. Listen to the new episode of Economy day by day, daily podcast of the Expresso led by Juliana Simões
The announcement of adjustments and cuts to the Volkswagen group's workforce last week – the first of this magnitude in the brand's 89-year history – will be accompanied by a historic restructuring of the models manufactured by the group to reduce production costs and maintain the competitiveness of the brands.
By 2030, the German manufacturer, and number one European, will have abolished 100,000 jobs, or 15% of its workforce, and four factories in Germany are still at risk. Volkswagen has fallen behind in electric power and has mostly misanticipated China's competition.
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