Press release
Volkswagen plans to cut tens of thousands of employees
Image: https://www.chinashinyfly.com/uploads/W.jpgManagement plans to close at least three local factories and cut tens of thousands of employees to cut operating costs, he said at a staff event at Volkswagen [https://www.chinashinyfly.com/b24f-plastic-quick-connector-for-fuel-system-%cf%867-89-516%e3%80%9e-id6-90-sae-product/] headquarters in Wolfsburg on October 28.
Cavallo said the board had carefully considered the plan and that all German factories could be affected by the closure plan and that other workers who had not been closed would also face pay cuts. The enterprise has informed its employees of the plan.The labor council said it was not yet clear exactly where the plant would be closed. However, the plant in Osnabruck, Lower Saxony, is seen as "particularly dangerous" because it has recently lost an expected order for a Porsche car [https://www.chinashinyfly.com/q8-id8-id7-0-adaptor-for-plastic-quick-connectors-to-adjust-the-flow-product/]. Gunar Killian, a board member of Volkswagen's human resources department, said the company would not be able to afford future investments without comprehensive measures to restore competitiveness.
Internal and external squeeze Volkswagen cost reduction "for vitality"With German manufacturing falling, demand from overseas weakening and more competitors entering the European market, Volkswagen is under pressure to cut costs sharply to remain competitive. In September, Volkswagen [https://www.chinashinyfly.com/v19w-plastic-quick-connectors-nw26-id25-0-for-vda-cooling-water-product/] announced plans to consider a large number of layoffs and close some of its German factories. If implemented, it would be the first time the company has closed its local factories since its inception. Volkswagen also announced that it would end a 30-year job protection agreement, which promises not to lay off workers until the end of 2029, and start the deal from mid-2025.
Volkswagen currently has about 120,000 employees in Germany, about half of whom work in Wolfsburg. Volkswagen now has 10 factories in Germany [https://www.chinashinyfly.com/f2h-plastic-quick-connectors-%cf%8611-80-12-id10-0-for-sae-hydraulic-brake-product/], six of which are located in Lower Saxony, three in Saxony and one in Hesse.
Media Contact
Company Name: Linhai Shinyfly Auto Parts
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=volkswagen-plans-to-cut-tens-of-thousands-of-employees]
Phone: +86-576-85221822
Country: China
Website: https://www.chinashinyfly.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Volkswagen plans to cut tens of thousands of employees here
News-ID: 3884123 • Views: …
More Releases from ABNewswire

Europe Payments Market Forecast to Reach USD 1.31 Trillion by 2030, Driven by Di …
Mordor Intelligence has published a new report on the Europe payments market, offering a comprehensive analysis of trends, growth drivers, and future projections.
Europe Payments Market Overview
The Europe payments market size stood at USD 0.64 trillion in 2025 and is projected to double to USD 1.31 trillion by 2030, reflecting a brisk 15.23% CAGR. This growth is fueled by a steady shift from cash to digital payments, rising adoption of mobile…

A Gentle New Book Welcomes Babies With the Words Every Child Deserves to Hear
There's a certain kind of quiet magic in those first moments with a new baby, the soft weight of their body, the deep stillness of their sleep, the questions that swirl in your heart. In her newest children's book, The Book God Makes for You Before You Are Born , author and educator Christie Rodgers captures that sacred tenderness and puts it into words.
Written as a gentle poem filled with…

The Lighted by Eugenie Giasson Illuminates a Story of Truth, Family, and Miracle …
In a world where lies thrive in darkness, author Eugenie Giasson delivers a luminous new novel, The Lighted , a sweeping story that reminds us that truth will always find a way to shine.
The journey begins in 1998, in a modest ceramic studio in Cape Cod. An elderly artist, Abel Smith, spends his final years creating seven extraordinary lamps-hand-sculpted figures of expectant mothers, adorned with silk, pearls, and crystals. To…

Cearvol Launches Wave on Crowdfunding: OTC Hearing Aids with Touchscreen Control
Every Touch Connects: AI-Powered Clarity with Sleek, Discreet Design
New York - Cearvol [https://cearvol.com/?source=pressrelease&medium=pr&campaign=crowdfunding] today unveiled Wave, its next-generation hearing solution. The device is now debuting on a crowdfunding platform, giving early supporters first access. With over 50 million Americans living with hearing loss and fewer than 20% using hearing aids, the demand for solutions that are both powerful and easy to use has never been greater. Wave is designed to…
More Releases for Volkswagen
Automotive Gasoline Engine Supporting Market Forecast on Global Key Players (Sha …
Report consultant has newly proclaimed that its massive market research report range includes a report examining the Global Automotive Gasoline Engine Supporting Market and the industry allied with it. The study includes a detailed scrutiny of the influence of various influences estimated critical for the overall progress of the market in the current situation as well as the report’s forecast period. The numerical measuring report is an incorporation of data…
Global Automotive Natural Gas Vehicles Market 2018 - Faw-Volkswagen, DPCA, Beiji …
Accord Market, recently published a detailed market research study focused on the "Automotive Natural Gas Vehicles Market" across the global, regional and country level. The report provides 360° analysis of "Automotive Natural Gas Vehicles Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Automotive Natural Gas Vehicles industry, and estimates the future…
Electronic Differential System Market 2017 : Fuao, Audi, Volkswagen
Electronic Differential System Market Research Report
A market study based on the " Electronic Differential System Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Electronic Differential System Market 2017’. The research report analyses the historical as well as present performance of the worldwide Electronic Differential System industry, and makes predictions on the future status of Electronic Differential System market on the basis of…
Leadership Lessons From The Volkswagen Saga
Leadership Lessons from the Volkswagen Saga nails the teachings and learnings stemming from the Volkswagen diesel emissions test cheating scandal, which is now the global benchmark for corporate cheating and corporate scandals.
Palm Springs, CA, February 13, 2017 -- Leadership author Steven Howard highlights the many leadership lessons emanating from the Volkswagen diesel emissions test cheating scandal in his latest book Leadership Lessons from the Volkswagen Saga.
“This is a story full…
Creative FX help launch new Volkswagen Crafter
Vehicle wrapping specialist, Creative FX, has wrapped 95 Volkswagen Crafters as part of the launch campaign for the new model.
The new VW Crafter, available in showrooms nationwide from August 1st, is set to cause a stir in the van market, as the German manufacturer has set new class standards for emissions and running costs. The launch campaign, which plays on this, includes text written in a petrol hose and…
Volkswagen of Naples Announces the 2011 Volkswagen Golf really stands out among …
Volkswagen of Naples, located at 601 Airport Rd., Naples FL, says the 2011 Volkswagen Golf has a stylish look inside and out. The 2011 Golf is available with diesel engine, has a versatile hatchback body style and refined driving dynamics.
Getting more for your money is elusive no matter what you happen to be purchasing. Imagine your Starbucks barista saying, "Thanks for your order. Here's some gold bullion as a token…