Volkswagen's (VW) chief executive Oliver Blume has told employees that around half of any further job reductions at the carmaker will need to fall on Germany.
According to a Bloomberg report, addressing thousands of staff at the Wolfsburg site on Tuesday (25 August), Blume said the reductions were unavoidable given that the company's fixed costs run 30% above those of rival manufacturers.
He clarified that the frequently mentioned figure of 50,000 further job losses worldwide is a theoretical estimate rather than an agreed goal.
The company is currently developing measures to reduce annual European production capacity by 500,000 vehicles, streamline management structures, and trim its range of models and equipment options.
Employee representatives have cautioned that up to 140,000 roles could ultimately be affected.
#wolfsburg
According to a Bloomberg report, addressing thousands of staff at the Wolfsburg site on Tuesday (25 August), Blume said the reductions were unavoidable given that the company's fixed costs run 30% above those of rival manufacturers.
He clarified that the frequently mentioned figure of 50,000 further job losses worldwide is a theoretical estimate rather than an agreed goal.
The company is currently developing measures to reduce annual European production capacity by 500,000 vehicles, streamline management structures, and trim its range of models and equipment options.
Employee representatives have cautioned that up to 140,000 roles could ultimately be affected.
#wolfsburg
2 months ago
