Automaker Volkswagen: VW in transition: Management board faces severe criticism for austerity course
VW is facing profound changes and CEO Blume sees drastic cuts as unavoidable. The headwind is fierce.
Volkswagen is undergoing its biggest transformation in the company's history, with the management implementing austerity measures to ensure the company's future viability. CEO Oliver Blume cites external pressures such as US tariffs, the Chinese market, and political crises, and emphasizes the need to reduce complexity and cut costs.
The company aims to cut 50,000 jobs in Germany by 2030, with 35,000 at the core brand and the rest at subsidiaries like Audi and Porsche. The Betriebsrat, the works council, has criticized the company's communication and leadership, with chairwoman Daniela Cavallo expressing distrust in Blume and questioning the planned job cuts.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
