Volkswagen is entering the largest restructuring of its modern history, with about 50,000 additional jobs now on the cut table, in addition to about 50,000 already agreed in Germany. If the plan is implemented in its maximum range, the German giant will have proceeded overall to a reduction that reaches 100,000 positions, [...]
The pressure on the shareholders of the German car industry group increased by families controlling Volkswagen, expressing their full support for the ambitious management restructuring plan, which could lead to the abolition of tens of thousands of additional jobs. On the occasion of the announcement of the financial results of Porsche SE – the investment vehicle of families [...]
Withdrawal of models, limitation of the equipment of its cars and reduction of surplus productivity plans, inter alia, the management of Volkswagen, in order for the company to become a «the most attractive car industry in the world» until 2030. At the moment, however, the proposals for cuts in thousands of jobs and closures of up to five factories within Germany were not approved. [...]
Wolfsburg's company sees electrification as the long-term development of motor traffic, with the logic that technological transitions are not made because old technology is banned but because the new one becomes better, cheaper and more practical. As in the early 20th century people gradually abandoned horses for cars, so Volkswagen [...]
