Endangered VW plants in focus: VW CEO: costs too high - cuts in management
The VW plants in Emden and Zwickau are under significant pressure despite billions being invested in electric car production. This is because VW chief Blume wants to save even more. He has now presented himself to employees.
Volkswagen Group CEO Oliver Blume has announced significant cuts in management at the company. He made the announcement at a works meeting in Emden, a location that is considered at risk of closure. Blume stated that all areas of the company must contribute to cost-cutting efforts, and that a quarter of positions will be eliminated.
The Emden plant, which employs around 7,700 people and is a major employer in East Frisia, has already stopped producing combustion engine vehicles and switched to electric cars, but still faces uncertainty about its future.
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.
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