Automaker: VW Supervisory Board unexpectedly brings forward meeting and approves restructuring plan
The Supervisory Board has given the green light to the Executive Board's restructuring plan. The vote was unanimous. According to insiders, a compromise had finally emerged.
The Volkswagen supervisory board has unexpectedly approved the management board's restructuring plan with a unanimous vote. The plan aims to make the Volkswagen Group and its brands more efficient, competitive, and future-oriented. The implementation of the plan is considered essential by the management board and supervisory board to maintain and secure the company's competitiveness for the future.
The decision was made at a meeting of the supervisory board's presidium and a special supervisory board meeting on Thursday, ahead of a previously scheduled meeting on Friday.
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.
