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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 May Cut 15,000 Jobs, Jefferies Says
Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition, Jefferies analysts wrote following three days of conversations with the German automaker's management.
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.
12h
on MSN
Here's Why You Can't Buy A New Diesel Volkswagen Car In The USA
From electric to high-tech renditions of classics, Volkswagen has dozens of vehicle offerings. But here's why you can't buy a ...
autoevolution
2d
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 ...
1d
SAIC Volkswagen says adjusting plant base "necessary"
SAIC Volkswagen, responding to reports it would close its Nanjing plant, said on Saturday that adjusting its production base ...
4d
Recall forces Volkswagen to temporarily halt ID.4 production, furlough employees at Tennessee plant
Volkswagen announced it will temporarily suspend production of the ID.4 at its Chattanooga plant following a nationwide ...
4d
‘I will be out of this Volkswagen Atlas.’
Her goal is to process a buyback as she experienced the transmission cut-out issue numerous times. The only problem was ...
4d
Volkswagen Vows Open Mind As Contract Talks With UAW Begin
Volkswagen says it's entering its first contract negotiations with the UAW with an open mind, as talks get underway on ...
Yicai Global
3h
SAIC Volkswagen to Adjust Nanjing Plant Output Based on Demand
Production and sales of Passat cars at the Nanjing base are normal, SAIC Volkswagen noted. But based on market demand and ...
Transport Topics
2d
Volkswagen to Slash China Jobs as Part of Global Overhaul
Volkswagen AG has begun trimming corporate jobs in China as part of its goal to reduce overhead by 20% globally over the next ...
5d
on MSN
Volkswagen recalls vehicles for doors opening unexpectedly while driving
The National Highway Traffic Safety Administration announced that Volkswagen is recalling nearly 99,000 electric crossover ...
ECOticias.com
14h
Volkswagen’s secret project finally unveiled: The first fuel cell this fuel destroys EVs
German automobile industry leader Volkswagen has recently filed to patent a brand new vehicle which utilizes futuristic and ...
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