The Volkswagen Group plans a savings program until 2026, with a cost gap of 2-5 billion euros. The Supervisory Board must approve plant closures, and the state government of Lower Saxony is interested in preserving jobs.
Weak sales figures in China and the diesel scandal have cost billions. Criminal proceedings have been initiated against former CEO Martin Winterkorn.
Employees in Wolfsburg and Zwickau are angry and disappointed about the layoffs and uncertain future. The overall sentiment among employees is negative, with resistance from the works council and the IG Metall union.
The crisis in the auto industry is not limited to VW, with Audi facing possible closure of its Brussels plant. Winterkorn is facing trial for his involvement in the diesel scandal and denies the charges.
Despite the challenges, VW remains one of the largest auto manufacturers, with 4.9 million cars produced in Germany in 2023.
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