News
Volkswagen Plans To Reduce The Number Of Jobs In Management By 25 Percent
The German car manufacturer Volkswagen will reduce the number of jobs in management by 25 percent as part of the new savings program, the company’s CEO Oliver Blume said today.
The reduction will primarily cover administration, development, and sales, i.e., jobs that are not directly related to car production, reports Spiegel.
Blume said that all parts of the company must contribute to cost reduction.
Volkswagen unions warn that the company could cut up to 140,000 jobs, including already agreed reductions, reports Bloomberg.
Blume told employees that roughly half of the company’s additional job cuts would have to be implemented in Germany, further escalating a dispute with unions over the restructuring of Europe’s largest automaker. During a meeting with employees at Volkswagen’s main factory in Wolfsburg, he said that such measures are necessary because the company’s fixed costs are 30 percent higher than those of competitors.
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