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VW Could Cut Up To 30,000 Jobs, R&D Might Take A Massive Hit
Reports indicate Volkswagen may cut up to 30,000 jobs amid financial pressures. VW denied that number, but declined to say how many employees might be let go. Some of the deepest cuts could be made to the research and development departments.
VW plots 30,000 job losses as the crisis engulfing Germany's car industry deepens
Analysts at investment bank Jefferies said VW was mulling closing two to three facilities, which it said could put as many as 15,000 jobs at risk.
VW ‘considers cutting 30,000 jobs’
VW is considering axing as many as 30,000 jobs as it scrambles to save billions of euros amid a slowdown in the car market, German media has reported.
Volkswagen denies report that it is mulling 30,000 job cuts
Ailing German carmaker Volkswagen on Thursday declined a media report that it is planning to lay off up to 30,000 employees. "One thing is clear: Volkswagen has to reduce its costs at its German locations,
7h
on MSN
VW's latest move might compromise the good graces of the UAW
Related: Volkswagen gears up for UAW labor contract battle "But here's what we know: Volkswagen's most important market is ...
ET Auto
38m
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 ...
15h
on MSN
VW Halts ID.4 Production Because Doors Could Open Themselves
Earlier this month, Volkswagen issued a recall for 98,806 ID.4 electric crossovers due to a door handle water ingress problem ...
CounterPunch
56m
Driving VW Off a Cliff
For the first time ever, Volkswagen intends shuttering factories across Germany and tearing up labor contracts with its ...
5d
on MSN
Updated Volkswagen Taos SUV is the New Entrance into the VW Brand
The new VW Taos features an updated version of its 1.5-liter turbocharged four-cylinder. With internal changes and a new ...
15h
on MSN
VW And SAIC To End Operations At Chinese Plant As Sales Dwindle
Volkswagen and its Chinese joint venture partner SAIC Motor Corp plan to shut a factory in Nanjing as early as next year due ...
1d
Volkswagen plans stop to production at jointly-owned China plant
Volkswagen is planning to stop production at one of its combustion engine car plants in China, a person with direct knowledge ...
Electrek
1d
Volkswagen weighs another plant closure, this time in China as domestic EVs take control
Volkswagen is facing another possible plant closure, this time in China, the company’s largest market. Although China is VW’s ...
New Atlas
3d
The Volkswagen Bus is back, and more capable than ever
OK, the Volkswagen Transporter (aka Microbus, aka Bulli, aka Type 2, aka Kombi ...) didn't actually go anywhere, but the T6.1 ...
kfoxtv
1d
Recall forces VW to temporarily halt ID.4 production, furlough employees at Tenn. plant
CHATTANOOGA, Tenn. (WTVC) —
Volkswagen
announced it will temporarily suspend production of the ID.4 at its Chattanooga ...
12h
Germany considering ways to support VW, economy minister says
Germany's government is considering ways to support Volkswagen , German economy minister and vice chancellor Robert Habeck ...
7h
on MSN
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 ...
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