歐洲公司

VW considers shutting factories in Germany and cutting jobs

Savings programme launched last year has fallen short by several billions of euros at the group’s flagship brand

Volkswagen is considering shutting factories in Germany and ditching a pledge not to cut jobs before 2029, according to VW’s works council.

A savings programme launched last year has fallen short by several billions of euros at the company’s flagship brand. Daniela Cavallo, chair of the council that represents VW’s workers, said in a note circulated to employees that the VW brand’s chief executive Thomas Schäfer had on Monday “admitted” that planned savings had fallen short, pushing the brand into the red.

“As a result, the executive board is now questioning German plants, the VW in-house collective wage agreements and the job security programme running until the end of 2029,” Cavallo said.

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