Volkswagen’s management wants to close at least three plants, cut tens of thousands of jobs, and also slash pay by 10% for remaining staff, according to a statement from staff representatives.
The manufacturer is also seeking to downsize all remaining plants, added the document.
Weak demand in Chinese and European markets, along with a botched electric vehicle transition, have hit the manufacturer’s earnings.
If announced closure plans go ahead, this would be the first time Volkswagen has shut a factory on home soil in its 87-year history. VW currently has 10 plants and 300,000 employees in Germany.
Fuck VW. They sleep on providing cheap eCars and now the people have to suffer by losing jobs.
But the bonuses for management were impressive!
And the stakeholders were very satisfied, too.
Hey now they did a great job at falsifying emission reports too.