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VW, Volkswagen
Volkswagen Group to Layoff 30,000 Employees as Part of Major Cost-Saving Plan
Volkswagen Group is facing significant challenges, with plans to potentially cut up to 30,000 jobs in Germany over the medium term, according to Manager-Magazin. This comes as Chief Financial Officer Arno Antlitz aims to reduce the company's investment budget for the next five years to €160 billion,
Volkswagen denies plans to cut 30,000 staff from its workforce
CEO Oliver Blume told employees that the company needed to end a three-decade-old job protection pledge that would have banned layoffs until 2029. View on euronews
VW ‘considers cutting 30,000 jobs’
VW is considering axing as many as 30,000 jobs as it scrambles to save billions of euros amid a slowdown in the car market, German media has reported. The carmaker recently announced it could close some of its German factories for the first time in history as it struggles to reinvent itself for the electric era.
3h
Volkswagen's Crisis Is The Reflection Of Europe's Automotive Struggles
Europe’s biggest automaker, Volkswagen (OTC: VWAGY) is considering plant closures for the first time in its 87-year-old ...
20h
Volkswagen’s $3.5 Million Data Breach Settlement Survives Appeal
Volkswagen Group of America Inc., Audi of America LLC, and digital marketer Shift Digital will pay $3.5 million to settle a ...
2d
Volkswagen Group CEO claims that Volkswagen cannot proceed as before
Volkswagen Group CEO Oliver Blume has emphasized the urgent need for significant changes within the company if it aims to ...
44m
VW Targets Job Cuts in China to Lower Costs as Sales Slump
Volkswagen AG has begun to trim corporate jobs in China as it works to reduce overhead by a target of 20% globally over the ...
4d
on MSN
Volkswagen May Cut 15,000 Jobs, Jefferies Says
Key Takeaways Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition.Jefferies ...
cbtnews
1d
Volkswagen, Audi dealers sue over warranty policy
Volkswagen and Audi dealers in Illinois are suing VW Group of America over a new policy that recoups warranty-related costs ...
Automotive News
3d
Volkswagen dropping in-house U.S. auto loans, giving business to Wells Fargo
Volkswagen will cease to write U.S. Audi and VW auto loans through its in-house captive finance company and instead refer ...
9h
Volkswagen Continues To Face Challenges In China, Rated Hold
Volkswagen is struggling to compete in China's growing NEV market, with partnerships in place for potential software ...
8d
Volkswagen is recalling close to 99K electric vehicles due to faulty door handles
The U.S. National Highway Traffic Safety Administration said that Volkswagen would recall 98,806 electric SUVs in order to ...
Motor Trader
3d
Volkswagen Group UK confirms overhaul of dealer networks
Volkswagen Group UK has confirmed that it is pushing ahead with plans remap the UK dealer network with cuts to the number of ...
Monitordaily
3d
Volkswagen Financial Services U.S. and Wells Fargo Enter Cooperation Agreement
Volkswagen Financial Services and Wells Fargo entered a multi-year co-branded agreement under which Wells Fargo will be the ...
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