Volkswagen, Germany’s largest private employer, could cut over 15,000 jobs with plant closures—and there’s no plan B, Jefferies says
Jefferies analyst said that Volkswagen's unions "can only strike on pay, not plant closure or layoffs if the latter are not contractually protected.”
German economy minister offers help to Volkswagen to avoid site closures
German Economy Minister Robert Habeck said on Friday that he wants to help Volkswagen get through a period of cost-cutting without having to resort to site closures, reflecting concerns about the country's biggest carmaker.
Volkswagen May Cut 15,000 Jobs, Jefferies Says
Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition, Jefferies analysts wrote following three days of conversations with the German automaker's management.
VW Weighs Cutting 15,000 Staff on Plant Closures, Jefferies Says
Volkswagen AG could force through decisions on plant closures this year, paving the way for more than 15,000 job cuts, according to analysts at Jefferies.
Volkswagen may book 3-4 billion eur in provisions on capacity cuts, Jefferies says
Volkswagen may book billions of euros in provisions for planned capacity cuts as early as the fourth quarter, brokerage Jefferies wrote in a note after accompanying the carmaker's management. The comments by Jefferies come after Volkswagen earlier this month said it was considering shutting plants in Germany for the first time in its history,
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Volkswagen Troubles Deepen Across the Globe As Sales Shrink and Massive Layoffs Loom
Volkswagen's troubles seem to worsen as the German carmaker considers closing car plants in Europe, China, and the US, with ...
SAIC Volkswagen says adjusting plant base "necessary"
SAIC Volkswagen, responding to reports it would close its Nanjing plant, said on Saturday that adjusting its production base ...
Recall forces Volkswagen to temporarily halt ID.4 production, furlough employees at Tennessee plant
Volkswagen announced it will temporarily suspend production of the ID.4 at its Chattanooga plant following a nationwide ...
Volkswagen Vows Open Mind As Contract Talks With UAW Begin
Volkswagen says it's entering its first contract negotiations with the UAW with an open mind, as talks get underway on ...
Volkswagen recalls vehicles for doors opening unexpectedly while driving
The National Highway Traffic Safety Administration announced that Volkswagen is recalling nearly 99,000 electric crossover ...
Volkswagen AG Is A Too-Big-To-Fail German Mess That Likely Will Be Fixed
Volkswagen faces a crisis, with management warning of challenges within two years due to declining sales and market ...
Volkswagen, Porsche, Mazda among 100,000 vehicles recalled: Check car recalls here
The National Highway Traffic Safety Administration recently announced recalls for 100,432 vehicles, including Volkswagen, ...
Recall announced for Volkswagen car doors opening while driving
The National Highway Traffic Safety Admission announced a recall for a Volkswagen car defect in which the doors could open ...
‘I will be out of this Volkswagen Atlas.’
Her goal is to process a buyback as she experienced the transmission cut-out issue numerous times. The only problem was ...