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JOB REDUCTION VOLKSWAGEN
Volkswagen CEO aims to cut 100,000 jobs in major overhaul, Manager Magazin reportsVolkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closi...- Volkswagen to reduce workforce by 19,000 by end of year, CEO saysVolkswagen is set to implement substantial job cuts and cost reductions in Germany. The company plans to shrink its workforce by 19,000 by ...
- Porsche plans to cut additional 1,900 jobs by 2029Porsche AG plans to cut an additional 1,900 jobs over the next four years at its main sites in Stuttgart-Zuffenhausen and Weissach, aiming ...
- Donald Trump’s tariffs target European carmakers amid intensifying US-EU trade warAny tariffs imposed by Donald Trump would primarily impact German carmakers, with the top three manufacturers accounting for 73% of the 820...
- How Nissan lost its status as Honda equalJapan's Nissan Motor is exploring partnerships with new technology firms after its merger talks with Honda Motor fell through. Honda propos...
- VW managers to get 10% pay cut in plan to slash bonuses, German newspaper reportsVolkswagen managers will face a two-year 10% pay cut due to reduced bonuses, as part of a deal with unions to cut jobs and production. The ...
- Europe's embattled auto sector plans plant closures and layoffsSeveral automotive companies are announcing plant closures and layoffs in Europe. Companies like Valeo, Stellantis, Bosch, Ford, Michelin, ...
- Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeupThyssenkrupp Steel Europe will cut 11,000 jobs by 2030. The German steelmaker will also reduce production. The company blames cheaper Asian...
- Bosch to reduce hours for 450 employees due to tough economyRobert Bosch will cut working hours for 450 employees in Germany starting next spring. The company cites a difficult economic situation. Af...
- Schaeffler to cut 4,700 jobs as clouds over Europe's auto sector darkenSchaeffler, a German auto parts manufacturer, announced 4,700 layoffs across Europe, primarily in Germany, citing a challenging market envi...
- How Volkswagen lost its way in ChinaVolkswagen faces severe challenges in China, with falling sales, political missteps, and competition from local brands. BYD's rise and stat...
- Why Volkswagen is building a team of 3,000 engineers in ChinaVolkswagen is revamping its strategy in China, creating a "China for China" initiative due to the country's dominance in the electric car m...
- VW weighs staff reductions as electric shift stalls"The situation is critical. Many markets are under pressure. Our orders, particularly for electric vehicles, have been lower than expected,...
- Ford to layoff 3,800 employees in engineering, administration in EuropeAround 2,300 jobs will go at the carmaker's Cologne and Aachen sites in Germany, 1,300 in the UK and 200 in the rest of Europe, the company...
- Volkswagen considering cutting up to 30,000 jobs: Handelsblatt"There is no question that we have to address the competitiveness of our plant in Wolfsburg in view of new market entrants," VW spokesperso...
- Volkswagen's labour chief rules out four-day week to save jobs amid Covid-19 outbreakGermany's largest trade union IG Metall on Aug. 15 proposed negotiating for a transition to a four-day week across industry to help secure ...
- Coronavirus: Bentley to cut 1,000 jobs, warns of further downsizingLondon, Jun 5 (AP) Luxury British carmaker Bentley is to cut up to 1,000 jobs and has warned of more to come as it tries to limit the damag...
- Volkswagen to trim as many as 4,000 jobs amid digital overhaulThe move, brokered with VW’s powerful unions, includes job guarantees through 2029, the manufacturer said on Wednesday in a statement.
- Volkswagen’s crippling supplier feud shows limits of penny pinchingVW agreed to compensate Bosnian parts maker Prevent Group for a canceled contract and extend their partnership for another six years.
- Geneva Motor Show: Ford, Toyota and other carmakers prepare for deepening slumpFord Motor, Toyota Motor and other competitors are preparing for a deeper slump in the European auto market after deliveries at the beginni...
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