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Volkswagen Group tells its board how to fix it, unions disagree
Volkswagen CEO Oliver Blume presented a comprehensive restructuring plan to the supervisory board aimed at making the group more robust and competitive in a challenging environment. The plan reportedl
Volkswagen CEO Oliver Blume presented a comprehensive restructuring plan to the supervisory board aimed at making the group more robust and competitive in a challenging environment. The plan reportedly includes cutting up to 100,000 jobs and closing four German plants, while halving vehicle models offered and reducing variants by up to 75%. Union representatives warned management it risked a "major conflict" with employees, arguing workers should not bear the cost of strategic mistakes.
Source: Ars Technica | 2026-07-10