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عكس السير
Germany Volkswagen faces major job and factory threat
Volkswagen is facing significant pressure to cut costs, with concerns over the potential loss of tens of thousands of jobs and the impact on four major production sites in Germany, including Emden, Zwickau, Nuremburg, and Hanover. The company believes that the current plan to reduce around 50,000 jobs by 2030 is no longer sufficient to address the current crisis, with the CEO emphasizing that the situation is more than critical and that the company is making profits, but not enough to invest in the future. Management is working on a new plan titled "Goal 2030" to accelerate austerity measures and refocus on car development and technological innovation, with an expected presentation of an amended plan during the supervisory board meeting on September 4. No final decisions have been made yet regarding the threatened factories.
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