2024-09-02 13:29:08
Business
Automotive
Volkswagen Considers Plant Closures and Layoffs Amid Cost-Cutting Measures
Related news on that topic:
The press radar on this topic:
Frankfurter Rundschau
Economy
VW subsidiaries Wolfsburg AG and Autovision are suffering from the VW crisis. Wolfsburg AG sold the stadium, Autovision is threatened with a sale. VW plans job cuts, partial retirement, and fewer temporary workers. Goal: 6.5% operating margin through 10 billion euros in savings. Wolfsburg AG laments a deteriorating market environment and declining demand. Wolfsburg AG secured liquidity until 2024.
tz
Crisis at VW: Two subsidiaries and a Bundesliga stadium feel the consequences
Economy
Finance
The Wolfsburg AG and its temporary employment subsidiary Autovision are affected by the crisis at Volkswagen. Due to cost-cutting measures and declining demand, job cuts and the sale of the Volkswagen Arena are looming.
n-tv.de
Breaking News: VW Cost-Cutting: Plant Closures and Layoffs Possible - n-tv.de
Economy
Breaking News VW Cost-Cutting: Plant Closures and Layoffs Possible Volkswagen is no longer ruling out plant closures and operational layoffs within the core VW brand as part of its savings program. As the company announces, it is also terminating the employment guarantee that excluded operational layoffs until 2029.
DER SPIEGEL
Volkswagen Considers Closing Plants in Germany for the First Time - DER SPIEGEL
Economy
Finance
Volkswagen is considering closing plants in Germany to meet its savings targets. The works council has announced "fierce resistance".
Welcome!
infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand