Volkswagen, Germany’s largest private employer, could cut over 15,000 jobs with plant closures—and there’s no plan B, Jefferies says
Jefferies analyst said that Volkswagen's unions "can only strike on pay, not plant closure or layoffs if the latter are not contractually protected.”
German economy minister offers help to Volkswagen to avoid site closures
German Economy Minister Robert Habeck said on Friday that he wants to help Volkswagen get through a period of cost-cutting without having to resort to site closures, reflecting concerns about the country's biggest carmaker.
Volkswagen: Are 30,000 jobs at risk of being cut in Germany?
According to a media report, Germany's troubled carmaker Volkswagen could cut tens of thousands of jobs as part of savings measures. However the firm has not confirmed this figure.
Why Volkswagen confronts the unthinkable in Germany -- plant closures
A global factory network, built for as many as 14 million vehicles, churned out barely 9 million vehicles last year as its EVs seek more buyers.
VW Weighs Cutting 15,000 Staff on Plant Closures, Jefferies Says
Volkswagen AG could force through decisions on plant closures this year, paving the way for more than 15,000 job cuts, according to analysts at Jefferies.
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 analysts made that prediction after holding three days of talks with VW officials.
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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 ...
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 ...
Habeck says Germany's considering how to support Volkswagen
German Economy Minister Robert Habeck said that Berlin is looking into ways to support ailing carmaker Volkswagen amid the ...
Germany considering ways to support VW, economy minister says
Germany's government is considering ways to support Volkswagen , German economy minister and vice chancellor Robert Habeck ...
Volkswagen May Be Very Cheap For A Reason
Volkswagen faces financial challenges amidst market share loss, high costs, and supply chain disruptions. Learn why VWAGY ...
Join us in building the Volkswagen Rank-and-File Committee!
On Wednesday, the following statement for the establishment of the rank-and-file committee at Volkswagen was discussed and ...
Institute for Energy Research9d
Volkswagen May Close Factories in Germany to Cut Costs and to Compete with China as the EV Transition Falters
Volkswagen, the leading automaker in Europe, is contemplating an unprecedented closure of its factories in Germany due to ...
Daily Sabah1d
Germany looking for ways to support Volkswagen: Economy minister
Germany's government is exploring ways to support ailing Volkswagen, Economy Minister and Vice-Chancellor Robert Habeck said ...
Germany May Already Be in Mild Recession, Bundesbank Says
Germany’s economy may already be in recession, but a severe economic slump looks unlikely as things stand, according to the ...