Volkswagen CEO Defends 3,500 Job Cuts (Communities - News & Events)
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Item ID 3089410 in Category: Communities - News & Events
Volkswagen CEO Defends 3,500 Job Cuts | |
Volkswagen’s deal with workers’ representatives contemplates 35,000 jobs in future Germany-“is good news,” said the company CEO on Sunday. It is one of the biggest adjustments planned in Volkswagen’s German operations capacity reductions under the last-minute agreement between the manufacturer’s workers. The agreement followed months of strife with employees, arising from the car manufacturer’s indication for the very first time in its 87-year history that it might close plants in Germany, accompanied by a plan of wage cuts, that led more than 100,000 Volkswagen workers to strike at the company’s German plants early December. “This agreement is good news for Volkswagen,” Volkswagen Group CEO Oliver Blume told Frankfurter Allgemeine in an interview on Sunday. “This package of measures sets the decisive course for the future,” he said before adding that the company would manufacture cars competitively by reducing the overcapacity. Read more --  | |
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2025-02-23 (0.427 sec)