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Volkswagen, Germany’s largest private employer, could cut over 15,000 jobs with plant closures—and there’s no plan B, Jefferies says
Jefferies analyst said that Volkswagen's unions "can only strike on pay, not plant closure or layoffs if the latter are not contractually protected.”
Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says
Volkswagen may book up to 4 billion euros ($4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after travelling with company executives in North America.
VW Weighs Cutting 15,000 Staff on Plant Closures, Jefferies Says
Volkswagen AG could force through decisions on plant closures this year, paving the way for more than 15,000 job cuts, according to analysts at Jefferies.
Volkswagen May Cut 15,000 Jobs, Jefferies Says
Key Takeaways Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition.Jefferies analysts made that prediction after holding three days of talks with VW officials.
18m
Volkswagen AG Is A Too-Big-To-Fail German Mess That Likely Will Be Fixed
Volkswagen faces a crisis, with management warning of challenges within two years due to declining sales and market ...
E&E
10h
Volkswagen is the anti-Tesla, and China is to blame
In
Volkswagen
’s heyday at the turn of the decade, then-CEO Herbert Diess and Tesla chief Elon Musk had an unusual bromance, ...
8h
Stellantis Working Hard to Avoid Volkswagen Plant-Closing Scenario, CEO Says
TURIN (Reuters) - Stellantis has already taken measures and is working hard to avoid the risk of plant closures, as recently ...
Automotive News
22h
Volkswagen dropping in-house U.S. auto loans, giving business to Wells Fargo
Volkswagen will cease to write U.S. Audi and VW auto loans through its in-house captive finance company and instead refer ...
6h
on MSN
Volkswagen's Audi looks for investor for Brussels plant
Volkswagen's Audi is looking for an investor for its struggling Brussels plant, the premium brand's production director Gerd ...
New Atlas
1d
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 ...
3d
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 ...
6d
Volkswagen scraps decades-old job guarantees, paving way for lay-offs
Volkswagen gave IG Metall notice on Tuesday it was scrapping a range of labour agreements including a guarantee of jobs until ...
autoevolution
10h
Drag Race: Volkswagen Golf GTI Mk8.5 Takes on Golf GTI Clubsport Mk8 and Golf R Mk7
The all-wheel-drive R may be quicker from a dig, but from a roll over the half mile, the Clubsport easily beats it and the ...
WTVC Chattanooga on MSN
21h
Chattanooga Volkswagen workers rally for fair labor as union talks begin
Volkswagen workers in Chattanooga are now the first Southern autoworkers outside the Big Three to unionize, but their fight ...
4h
on MSN
Volkswagen ID.7 GTX Tourer review: a fine electric estate that’s spoilt by its sporty pretensions
Launching a new estate car in the land of the shooting brake master, Volvo, was a brave move; Volkswagen says it was in ...
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