Austerity measures at Volkswagen: VW CEO Blume: “The situation is more than critical”
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Summary
Austerity measures at Volkswagen: VW CEO Blume: “The situation is more than critical”. Tens of thousands of jobs are said to be threatened, even locations may be in danger. Blume had already announced in the spring to work on a new “Target 2030” for the Group and to want to significantly tighten the austerity course.
Furthermore, Previous savings, such as factory costs in German car factories reduced by an average of 20 percent last year, are still not sufficient. August Wolfsburg, followed by Emden and Zwickau, graduating on 31. Since then, there have been four plants in the VW world and up to 50,000 additional jobs.
In addition, The CEO referred to about 3.8 percent operating returns, which are solid in this demanding situation. “But they are far from sufficient to sustainably generate sufficient funds for new technologies, new products and our locations,” said Blume. A total of nine works meetings are planned in the next few days until the end of August, for example in Hanover, Braunschweig, Salzgitter, Dresden, Chemnitz and Kassel-Baunatal, at which the management board of the workforce will answer questions.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
Austerity measures at Volkswagen: VW CEO Blume: “The situation is more than critical”.
reliability moderate2/3 sourcesTens of thousands of jobs are said to be threatened, even locations may be in danger.
reliability moderate2/2 sourcesBlume had already announced in the spring to work on a new “Target 2030” for the Group and to want to significantly tighten the austerity course.
reliability low1/2 sourcesPrevious savings, such as factory costs in German car factories reduced by an average of 20 percent last year, are still not sufficient.
reliability low1/2 sourcesAugust Wolfsburg, followed by Emden and Zwickau, graduating on 31.
reliability low1/2 sourcesSince then, there have been four plants in the VW world and up to 50,000 additional jobs.
reliability low1/2 sourcesThe CEO referred to about 3.8 percent operating returns, which are solid in this demanding situation. “But they are far from sufficient to sustainably generate sufficient funds for new technologies, new products and our locations,” said Blume.
reliability low1/2 sourcesA total of nine works meetings are planned in the next few days until the end of August, for example in Hanover, Braunschweig, Salzgitter, Dresden, Chemnitz and Kassel-Baunatal, at which the management board of the workforce will answer questions.
reliability low1/2 sources
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