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.”
VW could cut up to 30,000 jobs in Germany, report says
The cuts would hit hardest among the automaker's research and development activities where 4,000 to 6,000 jobs would be lost from the 13,000 R&D employees in Germany,  a business magazine said.
Germany's Government Contemplates Support for Volkswagen Amid Job Cut Threats
Chancellor, Robert Habeck, revealed that the government is exploring ways to support Volkswagen, following the automaker's announcement that significant cost cuts are necessary. Volkswagen cites high costs,
'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.
Germany considering ways to support VW, economy minister says
Germany's government is considering ways to support Volkswagen, German economy minister and vice chancellor Robert Habeck ...
This is Money6m
VW plots 30,000 job losses as the crisis engulfing Germany's car industry deepens
The crisis engulfing Germany’s car industry is deepening as Volkswagen considers cutting up to 30,000 jobs to save cash.
Daily Sabah4h
Germany looking for ways to support Volkswagen: Economy minister
Germany's government is exploring ways to support ailing Volkswagen, Economy Minister and Vice-Chancellor Robert Habeck said ...
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 ...
Electrek6h
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 ...
Reuters16d
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 ...
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 MSN17d
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 ...
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 ...