VW Cuts Workers as Brand Deemed "No Longer Competitive"

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VW Cuts Workers as Brand Deemed "No Longer Competitive"

Post by onyxdragon »

https://jalopnik.com/vw-cuts-workers-as ... 1851048756
By Steve DaSilva for Jalopnik.com wrote: VW Cuts Workers As Brand Deemed "No Longer Competitive"

Happy Monday! It’s November 27, 2023, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know.

1st Gear: Things Aren’t Looking Too Hot At Volkswagen
Volkswagen’s higher-ups have decided the people’s brand isn’t extracting enough money from the people, so they’ve decided to cut costs to compensate. By firing more people. From Reuters:

Volkswagen’s (VOWG_p.DE) 10 billion euro ($10.9 billion) savings programme will include staff reductions, managers told staff on Monday as brand chief Thomas Schaefer warned that high costs and low productivity were making its cars uncompetitive.

The German carmaker is in the midst of negotiations with its works council over a cost-cutting scheme at its VW brand, the first step in a group-wide drive to boost efficiency in the transition to electric cars.

“With many of our pre-existing structures, processes and high costs, we are no longer competitive as the Volkswagen brand,” Schaefer told a staff meeting at the carmaker’s headquarters in Wolfsburg, according to a post on the company’s intranet site and seen by Reuters.

The company had previously said it planned to take advantage of the “demographic curve” to reduce its workforce, having pledged that it would not carry out dismissals until 2029.
Onyx Dragon
1999 Jeep Cherokee Sport, 2021 Jeep Wrangler Islander, 2001 Pontiac Firebird Trans Am
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