Automakers: Volkswagen between pressure to cut costs and fear of the future
The works assemblies at VW are over. Now the focus is on the Supervisory Board. A car expert says what she expects from the next few days at the struggling car manufacturer.
Volkswagen is facing pressure to quickly address its current crisis, with expert Helena Beron Wisbert urging swift action to improve the company's prospects. The automaker is under scrutiny over plans to cut thousands of jobs and potentially close several factories, including those in Emden, Zwickau, Neckarsulm, and Hannover. VW CEO Oliver Blume has described the situation as "more than critical", stating that the company's current profitability is insufficient to fund its future.
Beron Wisbert has criticised the company's communication with employees, but welcomed the involvement of the board in addressing concerns. A revised savings plan is expected to be presented at an upcoming supervisory board meeting on September 4.
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.
