Volkswagen’s CEO tells factory staff cost-cutting journey ‘is not over’
CEO Oliver Blume says labour costs at the Emden plant are more than double those at comparable European locations.
Volkswagen's CEO, Oliver Blume, addressed factory staff at the Emden EV plant in Lower Saxony, Germany, expressing that the cost-cutting journey is far from over. The CEO emphasized that the company's performance should be measured not only against its own past but also against the best locations in Europe. Blume pointed out that labor costs at the Emden plant are more than double those of comparable European locations, and factory costs are still significantly cheaper at other plants.
The CEO acknowledged that such comparisons are not criticisms but a reality that must be faced. The CEO, who is currently touring Volkswagen sites to reassure workers and garner support for cost-cutting measures, reiterated that the responsibility of ensuring industrial prospects and job security for the plant's future would not end if it fails to secure a viable business plan beyond 2030.
Blume affirmed that Volkswagen will fight for industrial prospects and jobs at its locations, in partnership with other stakeholders and through new industrial solutions.
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