UP

Volkswagen could trim 2500 workers annually

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Volkswagen could trim 2500 workers annually

The German automaker directly employs more than 610,000 workers, spread across 120 production plants in dozens of countries. The number is exceptionally high when compared to rivals, nearly double Toyota's 349,000 head count and almost triple General Motors' 215,000 employees. Production numbers for all three companies are extremely close, separated by just a few percent last year.

The company's works council head, Bernd Osterloh, has warned that 2,500 positions could be eliminated annually over the course of a decade, according to a Handelsblatt report cited by Reuters.

The figure extrapolates to 25,000 jobs lost by 2026, only slightly narrowing the gap with Toyota. The company will presumably attempt to pursue modest reductions via voluntary early retirement, rather than direct layoffs.

VW so far has focused on ways to better align its operations with the expected transition toward electrification, promising to embrace such technology through 2025. Despite clarification at the top of its priority list, the company has not fully detailed which projects or operations could be subject to restructuring and trimming to help fund the long game while covering government penalties, lawsuit settlements and other costs associated with the diesel fiasco.

It is unclear if Osterloh's comments may be intended as a message to both workers and US prosecutors, pleading for mercy while indicating a willingness to publicly slash jobs in response to steep fines.

Date
2016.10.12 / 22:15
Author
Axar.az
See also

Zelensky: Putin needs to capture Donbas to sell victory

Turkish singer Cansever dies at 59

Fidan warns of growing Threat to Black Sea shipping

Turkiye to transfer 70 ATACMS missiles to Ukraine

Fidan: Mecca pact commitments align with NATO article 5

Explosions reported in Ukraine’s capital Kyiv

Hunter Biden: Joe Biden’s cancer spread to bones

Trump secured peace between Armenia and Azerbaijan

Iran wants conflict to end, but key issues remain unresolved

Current conditions best time to reach agreement with US

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla