this post was submitted on 28 Oct 2024
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Volkswagen's management wants to close at least three plants, cut tens of thousands of jobs, and also slash pay by 10% for remaining staff, according to a statement from staff representatives.

The manufacturer is also seeking to downsize all remaining plants, added the document.

Weak demand in Chinese and European markets, along with a botched electric vehicle transition, have hit the manufacturer's earnings.

If announced closure plans go ahead, this would be the first time Volkswagen has shut a factory on home soil in its 87-year history. VW currently has 10 plants and 300,000 employees in Germany.

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[–] SomeGuy69@lemmy.world 14 points 1 day ago (2 children)

Fuck VW. They sleep on providing cheap eCars and now the people have to suffer by losing jobs.

[–] ladicius@lemmy.world 13 points 1 day ago

But the bonuses for management were impressive!

And the stakeholders were very satisfied, too.

[–] geneva_convenience@lemmy.ml 4 points 1 day ago

Hey now they did a great job at falsifying emission reports too.