German Economy, VW
German economy minister offers help to Volkswagen to avoid site closures
German Economy Minister Robert Habeck said on Friday that he wants to help Volkswagen get through a period of cost-cutting without having to resort to site closures, reflecting concerns about the country's biggest carmaker.
What Volkswagen's woes say about Germany's economic future
Job cuts and possible factory closures at Germany's largest carmaker are a symptom of a wider malaise in Europe's largest economy. VW's faltering electric-vehicle strategy is adding to the company's revenue woes.
German Economy Minister Aims to Support Volkswagen Amid Cost-Cutting Challenges
German Economy Minister Robert Habeck has expressed his intention to assist Volkswagen in navigating its cost-cutting phase without resorting to site closures. This comes amid negotiations with unions over wage agreements and potential plant shutdowns.
German economy minister calls on VW to not close factories
German Economy Minister Robert Habeck has called on Volkswagen to refrain from factory closures. "The locations should be preserved," he said during a visit to the VW plant in the north-western city of Emden.
Germany considering ways to support VW, says economy minister
Germany's government is exploring ways to support Volkswagen amid potential job cuts. The carmaker plans to reduce costs due to high expenses and competition. Economy Minister Robert Habeck emphasized VW's importance and will visit a plant in Emden.
autoevolution9h
Volkswagen Troubles Deepen Across the Globe As Sales Shrink and Massive Layoffs Loom
Volkswagen's troubles seem to worsen as the German carmaker considers closing car plants in Europe, China, and the US, with ...
Volkswagen May Be Very Cheap For A Reason
Volkswagen faces financial challenges amidst market share loss, high costs, and supply chain disruptions. Learn why VWAGY ...
Automotive News1d
VW could cut up to 30,000 jobs in Germany, report says
The cuts would hit hardest among the automaker's research and development activities in Germany where 4,000 to 6,000 jobs ...
Volkswagen, Germany’s largest private employer, could cut over 15,000 jobs with plant closures—and there’s no plan B, Jefferies says
Jefferies analyst said that Volkswagen's unions "can only strike on pay, not plant closure or layoffs if the latter are not ...
Volkswagen's Crisis Is The Reflection Of Europe's Automotive Struggles
Europe’s biggest automaker, Volkswagen (OTC: VWAGY) is considering plant closures for the first time in its 87-year-old ...
Join us in building the Volkswagen Rank-and-File Committee!
On Wednesday, the following statement for the establishment of the rank-and-file committee at Volkswagen was discussed and ...
As Volkswagen weighs its first closure of a German auto plant, workers aren’t the only ones worried
Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year ...
The Local1d
Today in Germany: A roundup of the latest news on Friday
State leaders set to debate hikes in broadcast licence fees, Lufthansa extends suspension of flights to the Middle East, ...
Transport Topics10h
Volkswagen to Slash China Jobs as Part of Global Overhaul
Volkswagen AG has begun trimming corporate jobs in China as part of its goal to reduce overhead by 20% globally over the next ...
Habeck says Germany's considering how to support Volkswagen
German Economy Minister Robert Habeck said that Berlin is looking into ways to support ailing carmaker Volkswagen amid the ...