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Volkswagen, Germany’s largest private employer, could cut over 15,000 jobs with plant closures—and there’s no plan B, Jefferies says
Jefferies analyst said that Volkswagen's unions "can only strike on pay, not plant closure or layoffs if the latter are not contractually protected.”
'A very serious situation': Volkswagen could close plants in Germany for the first time in history
Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China's electric vehicle makers.
VW Weighs Cutting 15,000 Staff on Plant Closures, Jefferies Says
Volkswagen AG could force through decisions on plant closures this year, paving the way for more than 15,000 job cuts, according to analysts at Jefferies.
Volkswagen May Cut 15,000 Jobs, Jefferies Says
Key Takeaways Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition.Jefferies analysts made that prediction after holding three days of talks with VW officials.
2h
Germany suffers ‘spectacular’ 70pc drop in electric car sales
Germany has suffered a “spectacular” drop in electric car sales as the European Union faces growing calls to delay its net ...
Electrek
1h
NIO (NIO) eyes buying Volkswagen plant in historic market shake up
China’s NIO (NIO) is considering buying Volkswagen’s Audi plant in Brussels. Volkswagen’s plant is at risk of being shut ...
Reuters
16d
Which Volkswagen factories in Germany could be affected by layoffs?
All are in the north-western state of Lower Saxony, apart from the Kassel plant which is in Hesse, in central
Germany
, and ...
Automotive News
7h
Germany's 69% slump in August EV sales drags on Europe's auto market
Europe-wide, EV market share has shrunk to 14 percent in the region through August, down from just over 15 percent as ...
5h
on MSN
Germany May Already Be in Mild Recession, Bundesbank Says
Germany’s economy may already be in recession, but a severe economic slump looks unlikely as things stand, according to the ...
15d
Germany in crisis: Intel and Volkswagen mull a multibillion-dollar withdrawal from the country
Intel is reconsidering a €30 billion factory while Volkswagen contemplates closures as German industry drowns in a two-year ...
The Associated Press - Business News on MSN
16d
Volkswagen aims to cancel a no-layoffs pledge, won't rule out closing plants in Germany
Frankfurt,
Germany
—
Germany
's
Volkswagen
says auto industry headwinds mean it can't rule out plant closings in its ...
Institute for Energy Research
8d
Volkswagen May Close Factories in Germany to Cut Costs and to Compete with China as the EV Transition Falters
Volkswagen, the leading automaker in Europe, is contemplating an unprecedented closure of its factories in Germany due to ...
15d
Volkswagen CEO Oliver Blume will spar with one of Germany’s fiercest worker groups over his €10 billion cost-cutting plan to save the carmaker
Volkswagen is a unique case—half the seats in its supervisory board are controlled by labor representatives, who can ...
16d
Volkswagen to cancel no-layoffs pledge, won’t rule out closing plants in Germany
Germany’s Volkswagen says auto industry headwinds mean it can’t rule out plant closings in its home country – and must drop a ...
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