Volkswagen is facing a significant crisis, leading to the closure of three plants in Germany and a series of drastic cost-cutting measures. The company plans to reduce wages by 10% and eliminate bonuses, affecting around 120,000 employees, with many based in Wolfsburg.
The employment security that once provided assurance to workers has been lifted, prompting concerns from the works council about the safety of all facilities. Additionally, Audi is shutting down its Brussels plant by February 2025, impacting 3,000 employees due to declining sales of the Q8 e-tron electric SUV.
High logistics costs and limited expansion opportunities have contributed to this tough decision. As Volkswagen navigates this turmoil, it has engaged in discussions with potential investors while adhering to legal requirements for consultation with labor representatives.
The outlook remains uncertain, with no new models planned for the ailing Brussels site.
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