Today: Power struggle at VW – Is a market crash coming soon?
A historic event could unfold at the VW Supervisory Board meeting on Friday. And: The Scalable Chief Economist and the DZ Chief Economist discuss the markets.
Volkswagen's supervisory board will decide on a savings package on Friday that could affect up to 115,000 jobs and four German plants. The company's management, led by CEO Oliver Blume, is pushing for the plan, but employees and the state of Lower Saxony are opposed. The issue is expected to be contentious, with some predicting a historic development at the meeting.
The savings package debate is part of a larger discussion on the company's future, and comes amid concerns about a potential market crash and economic instability.
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.
