Volkswagen Confirms Major Restructuring as Board Weighs Sweeping Cost Cuts Volkswagen confirms a major restructuring as CEO Oliver Blume and the board weigh new savings, possible plant closures and up …
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Business
Volkswagen announces halving of model range, leaves plant and job futures uncertain
by Leo Müllerby Leo MüllerVolkswagen model range to be halved as supervisory board defers plant and job decisions VW to halve model range while supervisory board postpones decisions on plant closures and job cuts; …
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Business
VW signals overhaul with potential 100,000–120,000 job cuts and four German plant closures
by Leo Müllerby Leo MüllerVW restructuring: Blume vows sweeping realignment as supervisory board explores deep cost cuts VW restructuring takes center stage as CEO Oliver Blume reaffirmed a company-wide realignment following a supervisory board …
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Business
Volkswagen unveils 2030 plan, postpones decisions on plant closures and job cuts
by Leo Müllerby Leo MüllerVolkswagen layoffs unconfirmed as supervisory board receives 12-point transformation plan Volkswagen layoffs unconfirmed after supervisory board meeting; company presents 12-step plan and 2030 strategy while unions demand answers amid protests. …
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Business
Porsche plans management job cuts and will unveil future package late July
by Leo Müllerby Leo MüllerPorsche job cuts expected as automaker prepares further staff reductions by end of July Porsche job cuts are being prepared as the company plans management-focused staff reductions under a “Zukunftspaket” …
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Germany World Cup exit puts Julian Nagelsmann’s future under intense scrutiny Germany World Cup exit raises urgent questions for coach Julian Nagelsmann, possible successors and a squad overhaul as the …
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Politics
Germany’s coalition reform package boosts job prospects Federal Employment Agency confirms
by Hans Ottoby Hans OttoCoalition reform package seen as boost for Germany’s labour market, says BA Germany’s coalition reform package could give the labour market a significant boost, the Federal Employment Agency and researchers …
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Business
Volkswagen faces potential 100,000 job cuts as board set to review plan
by Leo Müllerby Leo MüllerVolkswagen job cuts loom as management withholds targets ahead of July 9 supervisory board meeting Volkswagen job cuts could reach 100,000 as management refuses to give targets; works council is …
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Business
German labor market weakens as ifo barometer signals renewed job cuts
by Leo Müllerby Leo MüllerGerman labor market softens as ifo employment barometer falls to 92.3 ifo employment barometer drops to 92.3 in June as the German labor market weakens; industry and retail plan layoffs …
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Politics
Volkswagen Plans Up to 100,000 Job Cuts as Minister Prien Proposes Parental Allowance Reform
by Hans Ottoby Hans OttoPrien’s parental allowance reform sparks debate as Volkswagen plans 100,000 job cuts and Istanbul verdict concludes Germany faces a turbulent policy and economic moment as Families Minister Prien unveils a …