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Volkswagen chief warns company's situation 'more than critical'
Volkswagen's CEO warns of a critical state and major upheaval in the auto industry. The company faces significant challenges from global headwinds and Chinese competition. Volkswagen is considering substantial job cuts and potential plant closures in the coming days. Discussions are ongoing regarding alternative industrial uses for affected factory sites. The union has criticized management's proposed savings plans and vowed to resist closures.
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tagesspiegel.de
„Die Lage ist mehr als kritisch“: VW-Chef Blume hält bisherige Einsparungen nicht für ausreichend
Zehntausende Stellen sollen bedroht sein, ebenso Standorte. Es gebe akuten Handlungsbedarf, sagt Konzernchef Oliver Blume. Er schwört die Belegschaft auf schwierige Zeiten ein.
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straitstimes.com
Volkswagen chief warns company’s situation ‘more than critical’
Germany’s car industry facing major upheaval from global headwinds, Chinese competition, he says. Read more at straitstimes.com. Read more at straitstimes.com.
