German States Pledge to Avert Volkswagen Factory Closures and Layoffs

October 17, 2024 – In a significant development on Tuesday, four German federal states – Lower Saxony, Saxony, Hesse, and Berlin – have vociferously opposed the closure of Volkswagen factories and layoffs within their jurisdictions, according to Eurasia Daily. A jointly signed document by the states’ economic ministers stated, “All factories must remain fully intact.”…

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Volkswagen and German Unions Enter Critical Labor Talks Amid Layoff, Plant Closure Concerns

September 26, 2024 – Negotiations between Volkswagen executives and labor unions commenced on Wednesday, addressing salary issues that could potentially determine the extent of layoffs and possible plant closures at Europe’s largest automaker in Germany. Thorsten Gröger, the chief negotiator for the union, stated unequivocally, “We will not negotiate on plant closures or massive layoffs.”…

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Volkswagen CEO Addresses Declining Sales and Layoffs: ‘Smaller Pie, More Guests at the Table’

September 10, 2024 – This Sunday, the CEO of Volkswagen, Oliver Blume, defended the company’s plan for large-scale layoffs in the face of the current economic situation. Blume stated unequivocally that the prevailing economic conditions are “so severe” that the old ways of doing business can no longer be replicated. He explained, “Car sales in…

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