2024-12-04 17:55:08
Business
Automotive
Economy

VW Faces Crisis: Job Security and Cost-Cutting at Odds

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Volkswagen (VW) is currently embroiled in a crisis over job security and cost-cutting measures. Federal Minister Heil has emphasized the importance of preserving jobs at VW's headquarters in Wolfsburg, advocating for social partnerships to find equitable solutions in collective bargaining. Amidst this, VW CEO Oliver Blume has defended the need for cost reductions in response to competitive pressures and high labor costs.

The proposed cost-cutting measures include 10% wage cuts, potential plant closures, and layoffs, which have sparked widespread protests among employees. Nearly 47,000 workers participated in a nationwide strike against these plans. The situation has escalated with employees booing Blume during a company assembly, expressing their dissatisfaction with the proposed austerity measures.

Betriebsratschefin Daniela Cavallo has called for compromises to prevent plant closures and job losses. She supports a future fund proposal by IG Metall that suggests exchanging wage increases for a commitment to retain jobs and sites. This proposal aims to address the financial challenges without resorting to drastic cuts.

As negotiations continue, the stakes are high. Cavallo has stressed the need for both sides to make concessions, warning that failure to reach an agreement could lead to further escalation. The next round of talks is crucial, with hopes pinned on reaching a resolution before Christmas. The ongoing conflict highlights the tension between maintaining competitive edge and safeguarding employment, reflecting broader challenges in the automotive industry.

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4. Dezember 2024 um 10:59

VW: Works Council Chairwoman Calls Volkswagen 'the Laughing Stock of the Nation' - DER SPIEGEL

Economy
Politics
Works Council Chairwoman Cavallo sharply criticizes the VW management; the company demands a 10% wage cut and performance cuts; plant closures and operational terminations are threatened; the Works Council and the trade union present a compromise proposal; tens of thousands protest against the savings plans; 47,000 employees in Wolfsburg go on warning strikes; Labor Minister Heil emphasizes social partnership and active industrial policy.
gmx
4. Dezember 2024 um 11:48

Cavallo calls on VW to make concessions by Christmas

Economy
Finance
Politics
Works council chief Daniela Cavallo is calling on Volkswagen (VW) to make concessions by Christmas. She warns of damage to the company's image due to the management's tough austerity measures under CEO Oliver Blume. Cavallo demands compromises from both sides to avoid plant closures, mass layoffs and operational dismissals. IG Metall offered to contribute wage increases to a future fund. Over 20,000 employees attended the works meeting, 47,000 went on warning strikes against planned wage cuts...
NDR
4. Dezember 2024 um 11:33

Works Council Meeting: Heil Calls for Concession from VW Management

Economy
Politics
Federal Labor Minister Heil is calling for the preservation of jobs and plants; VW CEO Blume defends the cost-cutting program due to competitive pressure and high labor costs; Works Council chairwoman Cavallo welcomes Heil's visit; Warning strikes at 9 locations with 100,000 employees; Lower Saxony's CDU leader Lechner calls for VW shareholders to waive dividends; IG Metall and the Works Council have presented a concept to avoid dismissals; The peace obligation at Volkswagen ended on Sunday ni..
zeit
4. Dezember 2024 um 11:24

Volkswagen: VW CEO Defends the Group's Cost-Cutting Measures at the Works Meeting

Economy
Politics
VW CEO Blume defends the cost-cutting measures due to competitive pressure, declining demand and high labor costs; Wage cuts, plant closures and layoffs are planned; Wage dispute with IG Metall; According to Blume, the IG Metall counter-concept is not enough; Labor Minister Heil calls for job retention and investment; Works Council Chairwoman Cavallo rejects plant closures, calls for economic stimulus; Tens of thousands protested, 47,000 went on warning strikes; Blume: VW builds the best cars,..
CW

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