Austerity package: Agreement at VW: Another around 50,000 jobs to be cut
At Volkswagen, the decision on extensive austerity measures has been made. The package provides for the elimination of tens of thousands of jobs. Four plants are also at risk.
Volkswagen's supervisory board has unanimously approved the company's savings package, which includes cutting 50,000 jobs over the coming years. The move is part of a transformation program aimed at making the company more competitive. Four Volkswagen plants, located in Emden, Zwickau, Hannover, and Neckarsulm, are at risk, with no guaranteed future use from 2031-2034. The company will explore alternative options for these sites and aims to develop a sustainable production structure by June 2027.
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.
