D: VW wants to inform the Supervisory Board about savings plans
Volkswagen’s proposal to slash up to 100,000 jobs and close factories faces a major test on Thursday as formal proposals are put to the supervisory board at
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Summary
According to Manager Magazine, up to 100,000 jobs could be eliminated worldwide, twice as many as previously planned. Currently, only 19 of the 20 seats on the supervisory board are occupied, leaving the board’s shareholder representatives with one fewer seat than the labour and workers’ side, which continues to hold 10 seats. The demonstrations will target factories producing cars for VW but also others in the manufacturing group, including the Audi and Porsche plants, along with the truck and bus maker Man between 11.20am and 2pm on Thursday.
Furthermore, Threatening end for VW plant in Zwickau: production could expire in 2031. Volkswagen is apparently planning to phase out production in Zwickau from 2031. This is about reducing complexity, streamlining participation, aligning development and production regionally.
Cross-referenced from 3 sources across 3 countries and 2 languages.
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According to Manager Magazine, up to 100,000 jobs could be eliminated worldwide, twice as many as previously planned.
according to ORF NewsCurrently, only 19 of the 20 seats on the supervisory board are occupied, leaving the board’s shareholder representatives with one fewer seat than the labour and workers’ side, which continues to hold 10 seats.
according to The Guardian - WorldThe demonstrations will target factories producing cars for VW but also others in the manufacturing group, including the Audi and Porsche plants, along with the truck and bus maker Man between 11.20am and 2pm on Thursday.
according to The Guardian - WorldThreatening end for VW plant in Zwickau: production could expire in 2031.
according to RedaktionsNetzwerk Deutschland (RND)Volkswagen is apparently planning to phase out production in Zwickau from 2031.
according to RedaktionsNetzwerk Deutschland (RND)This is about reducing complexity, streamlining participation, aligning development and production regionally.
according to ORF News
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Sources3 sources cross-checked
Public / State1