Volkswagen breaks taboo by raising possibility of closing German factories

Le Monde

Summary

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Chief Financial Officer Arno Antlitz and VW brand chief Thomas Schaefer will give speeches detailing the automaker's plans at the meeting in Wolfsburg, a small city in northwest Germany built to house the massive Volkswagen plant.
The Gazette
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When Bernd Pischetsrieder attempted to cut jobs at Volkswagen in the early 2000s, he was forced out.
Guardian
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Volkswagen last year announced plans for a 10-billion-euro ($11-billion) savings programme and has flagged cuts to its workforce over the coming years to improve profitability.
Hürriyet Daily News
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Volkswagen (VW) has “a year, maybe two” to resize and adapt to lower sales in its home region, Europe’s largest carmaker has warned, as its plans to close factories in Germany faced fierce resistance from workers and politicians.
Irish Times

■ Story #2342 ▪

issue 88:88 ▪

43 items ▪

12 sources ▪

updated 88:88

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