Volkswagen: 100,000 jobs lost? Why the VW horror scenario is becoming less likely
VW is facing a crucial week: the company's management, works council and politicians are set to meet. The fronts are hardened, but there are still positive signals for employees.
Volkswagen's supervisory board is set to meet on September 4 to discuss a major restructuring plan, but several insiders report that no agreement on a comprehensive package is in sight. The plan's details are still disputed, with some board members pushing for deeper cuts and others advocating for a more moderate approach. Volkswagen CEO Oliver Blume has downplayed earlier reports that up to 100,000 jobs could be cut in Germany this decade, saying that around half of the planned job reductions will affect Germany, which would translate to around 25,000 jobs.
The company is also exploring alternative uses for its underutilized factories, including possible industrial redevelopment of its sites in Hannover, Emden, and Osnabrück.
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.
