VW CEO tells staff there are no plans to cut 30,000 jobs

Automotive Industry

Source: Automotive News Europe, 2021-11-09

Volkswagen has no plans to cut 30,000 jobs, CEO Herbert Diess told staff in an internal video message.

Diess is hoping to fix his damaged relationship with the automaker's works council that has deteriorated further in recent weeks.

Diess said he was in talks with labor representatives on how the company's home factory in Wolfsburg, Germany, could be transformed to better compete with new sector entrants such as Tesla. 

The plant lags in terms of efficiency and speed, Diess has said.

The primary focus is not on job reduction, it's about remaining competitive in the new world, with new capabilities," Diess said in the video seen by Reuters.

back to ECG news