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VW Targets Job Cuts in China to Lower Costs
VW Targets Job Cuts in China to Lower Costs as Sales Slump
Volkswagen AG has begun to trim corporate jobs in China as it works to reduce overhead by a target of 20% globally over the next three years.
VW Group trims jobs in China to lower costs, counter sales slump
A consumer slump in China, coupled with the market's rapid shift toward EVs, has turned the former stronghold for VW into a weak spot.
Volkswagen denies plans to cut 30,000 staff from its workforce
CEO Oliver Blume told employees that the company needed to end a three-decade-old job protection pledge that would have banned layoffs until 2029. View on euronews
VW Could Cut Up To 30,000 Jobs, R&D Might Take A Massive Hit
Reports indicate Volkswagen may cut up to 30,000 jobs amid financial pressures. VW denied that number, but declined to say how many employees might be let go. Some of the deepest cuts could be made to the research and development departments.
VW could cut up to 30,000 jobs in Germany, report says
The cuts would hit hardest among the automaker's research and development activities in Germany where 4,000 to 6,000 jobs would be lost, a business magazine said.
1h
How The EV Mandate Is Choking Volkswagen
The analysis warns of layoffs and factory closings at Volkswagen due to EV mandate, and suggests policy change to avoid ...
Dagens News (US) on MSN
3d
Volkswagen Group to Layoff 30,000 Employees as Part of Major Cost-Saving Plan
Volkswagen Group is facing significant challenges, with plans to potentially cut up to 30,000 jobs in Germany over the medium ...
Automotive News
1d
UAW talks with VW over first contract could be long, contentious
Negotiations over a first contract with Volkswagen will be different from the usual talks with the Detroit 3, but the union ...
11d
Will Volkswagen Restructuring Plan Founder, Again, On Union Power?
Crisis-threatened VW wants to close factories in Germany but unions will make this difficult. Any threat to VW’s worker ...
6d
on MSN
Volkswagen May Cut 15,000 Jobs, Jefferies Says
Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition, Jefferies analysts wrote ...
Automotive News
3d
VW, Audi dealers in Ill. protest automaker's changes to warranty work payments
The protest is the latest chapter between VW and Audi dealers in Illinois and VW Group of America regarding warranty work ...
Transport Topics
1d
Volkswagen to Slash China Jobs as Part of Global Overhaul
Volkswagen AG has begun trimming corporate jobs in China as part of its goal to reduce overhead by 20% globally over the next ...
2d
Germany considering ways to support VW, economy minister says
Germany's government is considering ways to support Volkswagen , German economy minister and vice chancellor Robert Habeck ...
10d
Volkswagen is recalling close to 99K electric vehicles due to faulty door handles
The U.S. National Highway Traffic Safety Administration said that Volkswagen would recall 98,806 electric SUVs in order to ...
5d
on MSN
VW To Exit US Financing Game, Partners With Wells Fargo Instead
The VW Group is transitioning away from its own private financing branch for customers. Now, it’ll partner with Wells Fargo ...
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