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VW, Volkswagen
Volkswagen Group to Layoff 30,000 Employees as Part of Major Cost-Saving Plan
Volkswagen Group is facing significant challenges, with plans to potentially cut up to 30,000 jobs in Germany over the medium term, according to Manager-Magazin. This comes as Chief Financial Officer Arno Antlitz aims to reduce the company's investment budget for the next five years to €160 billion,
Volkswagen denies plans to cut 30,000 staff from its workforce
CEO Oliver Blume told employees that the company needed to end a three-decade-old job protection pledge that would have banned layoffs until 2029. View on euronews
VW ‘considers cutting 30,000 jobs’
VW is considering axing as many as 30,000 jobs as it scrambles to save billions of euros amid a slowdown in the car market, German media has reported. The carmaker recently announced it could close some of its German factories for the first time in history as it struggles to reinvent itself for the electric era.
autoevolution
1d
Volkswagen Troubles Deepen Across the Globe As Sales Shrink and Massive Layoffs Loom
Volkswagen's troubles seem to worsen as the German carmaker considers closing car plants in Europe, China, and the US, with ...
5d
on MSN
Volkswagen May Cut 15,000 Jobs, Jefferies Says
Key Takeaways Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition.Jefferies ...
13d
As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year ...
electrive
1d
Volkswagen reconsiders revamping the MEB
Volkswagen's Chief Financial Officer Arno Antlitz could significantly reduce the Group's investments. For example, he may ...
Automotive News
1d
VW Group trims jobs in China to lower costs, counter sales slump
A consumer slump in China, coupled with the market’s rapid shift toward EVs, has turned the former stronghold for Volkswagen ...
11d
Volkswagen cancels decades-old job security deals with labour
German auto giant Volkswagen formally terminated a three-decade-old job security deal with labour on Tuesday, opening the ...
11d
Volkswagen Quits Labor Agreement, Paving Way for Job Cuts
A week after the automaker announced it was considering closing factories in Germany, the company said it was exiting a labor ...
1d
Volkswagen Continues To Face Challenges In China, Rated Hold
Volkswagen is struggling to compete in China's growing NEV market, with partnerships in place for potential software ...
autoevolution
11d
2025 Volkswagen Taos Will Debut September 12 With Revised Styling, More Tech
September 12 is when the 2024 Volkswagen Taos will pass the torch to the 2025 model, which is likely to feature the very same ...
Monitordaily
4d
Volkswagen Financial Services U.S. and Wells Fargo Enter Cooperation Agreement
Volkswagen Financial Services and Wells Fargo entered a multi-year co-branded agreement under which Wells Fargo will be the ...
Automotive News
11d
VW Group switches Seat finance chief to struggling VW brand
David Powels, who changes from Seat to VW brand will be tasked with designing a competitive cost base and improving synergies ...
1d
Volkswagen's Crisis Is The Reflection Of Europe's Automotive Struggles
Europe’s biggest automaker, Volkswagen (OTC: VWAGY) is considering plant closures for the first time in its 87-year-old ...
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