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VW officials dismiss reports of 30,000 job losses

Published : Friday, 15 October, 2021 at 12:00 AM  Count : 99

Oct 14: Senior sources at German auto giant Volkswagen on Wednesday dismissed reports that up to 30,000 jobs could be at risk if it could not cut costs in its transition to electric models.
Earlier Wednesday, a company source had said the company's chief executive, Herbert Diess, had given the warning at a recent supervisory board meeting.
The business daily Handelsblatt reported that CEO Herbert Diess had "expressed his concern" for VW's future at a board meeting on September 24 and had complained that, compared with rivals, VW's costs were too high.
"The restructuring of Volkswagen could put one in every four jobs at risk" at the core VW brand and the "abolition of 30,000 jobs" was possible, the newspaper wrote, citing internal discussions. A labour source on the supervisory board told AFP that Diess had been "speculating about an extreme scenario" and had drawn a comparison with the introduction of a four-day week in 1994, which "saved 30,000 jobs".
There was "consensus" that "if the right adjustments are not made in the coming years, it could, in the worst case, impact employment", the source said.    �AFP




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