German automobile manufacturer (VW) CEO Oliver Blume, in an interview with the newspaper Bild am SonntagHe stated that VW’s costs in Germany should be reduced significantly.
He said weak market demand in Europe and a significant decline in revenues from China “show decades of structural problems at Volkswagen”.
He added that the automaker’s costs in Germany should be reduced significantly. Blume also noted that VW’s labor costs in Germany are generally more than twice the average for its European subsidiaries.
throughout Germany at the end of October started The first wave of protests by workers in the metallurgical and electrical industries, including employees of automakers Volkswagen (VW) and BMW.
Former German Chancellor Olaf Scholz statedthat the announcement of the closure of a number of Volkswagen plants is associated with erroneous decisions of the management of the concern.
As part of the fight against losses, the concern planned to close at least three factories in Germany and lay off their workers. Most at risk is the VW plant in Osnabrück, which recently received an additional order from Porsche.
The company ended its job guarantee system, which had been in place for more than 30 years, in September. Reduction of employees for operational reasons is possible from mid-2025.
Previously it became clear About the “unprecedented crisis” in the European auto industry.