Volkswagen, Germany’s largest private employer, could cut over 15,000 jobs with plant closures—and there’s no plan B, Jefferies says
Jefferies analyst said that Volkswagen's unions "can only strike on pay, not plant closure or layoffs if the latter are not contractually protected.”
As Volkswagen weighs its first closure of a German auto plant, workers aren’t the only ones worried
Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history.
Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says
Volkswagen may book up to 4 billion euros ($4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after travelling with company executives in North America.
Volkswagen’s possible plant closures in Germany ignite debate, raising concerns over industrial future
Company's restructuring plan faces backlash as country grapples with competition, energy costs - Anadolu Ajansı
VW Weighs Cutting 15,000 Staff on Plant Closures, Jefferies Says
Volkswagen AG could force through decisions on plant closures this year, paving the way for more than 15,000 job cuts, according to analysts at Jefferies.
Volkswagen May Cut 15,000 Jobs, Jefferies Says
Key Takeaways Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition.Jefferies analysts made that prediction after holding three days of talks with VW officials.
Germany May Already Be in Mild Recession, Bundesbank Says
Germany’s economy may already be in recession, but a severe economic slump looks unlikely as things stand, according to the ...
Automotive News5h
Germany's 69% slump in August EV sales drags on Europe's auto market
Europe-wide, EV market share has shrunk to 14 percent in the region through August, down from just over 15 percent as ...
Stellantis Working Hard to Avoid Volkswagen Plant Closure Scenario, CEO Says
TURIN (Reuters) - Stellantis has already taken measures and is working hard to avoid the risk of plant closures, as recently ...
Institute for Energy Research7d
Volkswagen May Close Factories in Germany to Cut Costs and to Compete with China as the EV Transition Falters
Volkswagen, the leading automaker in Europe, is contemplating an unprecedented closure of its factories in Germany due to ...
New Atlas2d
The Volkswagen Bus is back, and more capable than ever
OK, the Volkswagen Transporter (aka Microbus, aka Bulli, aka Type 2, aka Kombi ...) didn't actually go anywhere, but the T6.1 ...
The Daily Telegraph6d
Why Volkswagen is taking on Germany’s mighty unions
VW’s German employees have turned out in force against the carmaker’s cost-cutting proposals Credit: Hendrik Schmidt/Avalon Volkswagen, Germany’s largest carmaker, is staring down an ...
ABC News11d
As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history FRANKFURT, Germany -- FRANKFURT, Germany (AP) — Volkswagen is ...
Media reports Volkswagen planning great cutbacks in Germany
Volkswagen (VW) is reportedly preparing for significant cutbacks in Germany, which may include the closure of at least two ...