VW CEO Oliver Blume is cutting a total of 100,000 jobs: The stock exchange is pleased, but many employees have to continue to worry.
The current management team of the VW Group has achieved what often eluded their predecessors: a socially acceptable restructuring of the ossified car manufacturer. But the journey is not over yet.
Volkswagen Group's CEO Oliver Blume marked four years in the role, and recently the supervisory board approved key parts of his "Zukunftsstrategie 2030" plan. This plan is a significant step in the company's restructuring efforts, although some decisions were postponed. The company's shares rose sharply after the announcement. Blume has made progress in restoring the company's competitiveness, including reducing the board of directors and implementing cost-cutting measures, and has agreed on a plan to cut 50,000 jobs by 2030.
However, challenges remain, including the future of four German factories with underutilized capacity.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
