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Hellenic > Blog > Business > Volkswagen plans to close three plants in Germany, moves ahead with thousands of layoffs and wage cuts
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Volkswagen plans to close three plants in Germany, moves ahead with thousands of layoffs and wage cuts

Hellenic
Last updated: 2024/11/07 at 5:36 AM
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Volkswagen plans to close three plants in Germany, moves ahead with thousands of layoffs and wage cuts
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The group seeks to save a total of 4 billion euros

OR Volkswagen plans to close three plants in Germany to proceed with thousands of staff layoffs and wage cuts to deal with the serious crisis it is going through, the workers’ council announced today, citing “bleeding” unprecedented in its 80 years of history.

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The group seeks to save a total of 4 billion eurosRelated Tags

“Management wants to close at least three VW plants in Germany. It also intends to reduce the size of all factories that will remain in the country,” said the statement of the president of the workers’ council, Daniela Cavalo, who revealed information passed on to her by management.

The management of Volkswagen did not react to the revelations, but through a representative invited the social partners to “confidential” and “internal” talks.

According to an article in the financial newspaper Handelsblatt, the group seeks to save a total of 4 billion euros.

“The next appointment for wage talks is scheduled for Wednesday and it is a fact that Volkswagen is at a turning point in its history. The situation is serious and the responsibility of the social partners is enormous,” said the representative.

In Berlin, Chancellor Olaf Solz warned through one of his representatives of the possibility of a large wave of layoffs.

The government wants to hear what Volkswagen management has to say, but “the chancellor’s position is clear, which is that workers should not suffer the consequences of any bad decisions made by management in the past and that the priority should be now let it be the preservation of jobs,” said Wolfgang Buchner.

Related Tags

Volkswagen Redundancies Germany

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TAGGED: ahead, close, Cuts, Germany, layoffs, moves, plans, plants, Redundancies, thousands, Volkswagen, wage

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