The automotive industry in Germany is currently grappling with a severe crisis. Volkswagen (VW) has announced plans to cut up to 30,000 jobs and is contemplating plant closures to reduce costs.
This decision has met with strong opposition from the works council and the union IG Metall. They are calling for a comprehensive future concept and better apprentice wages ahead of forthcoming tariff negotiations.
Meanwhile, the German Economy Minister, Robert Habeck, has promised support but has yet to present concrete solutions. He is considering new incentive measures to boost the sale of electric vehicles, which have seen a slump since the reduction of the environmental bonus.
Additionally, the auto supplier WKW has filed for insolvency, putting 3,800 jobs at risk. The broader auto industry is also under pressure to meet stringent CO2 fleet targets, with companies like Bosch facing similar challenges.
The situation underscores the urgent need for a cohesive strategy to navigate the transition to electric mobility and safeguard jobs in the sector.
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