Volkswagen Group CEO Thomas Schäfer has confirmed that layoffs will take place at Volkswagen, after saying the company was “no longer competitive” due to its high costs and low production.
A reduction of almost $ 15 billion
The news, which was reportedly announced to executives this morning, is part of a major savings plan of 10 billion euros ($14.86 billion) over three years that Mr. Schäfer announced at the beginning of the year, announcing that “the roof is on fire”.
Break a promise
The manufacturing giant had promised to go out of business until 2029, but during this morning’s meeting, human resources board member Gunnar Kilian said it would take advantage of the “population” to reduce the workforce by offering partial or early retirement, reports Reuters. . .
Face the truth
“Finally we have to be brave and honest enough to give us things that are duplicated within the company or are inappropriate things that we don’t need to get good results,” said Ms. Kilian.
And news from Autocar