VW Targets Job Cuts in China to Lower Costs
VW Targets Job Cuts in China to Lower Costs as Sales Slump
Volkswagen AG has begun to trim corporate jobs in China as it works to reduce overhead by a target of 20% globally over the next three years.
VW Group trims jobs in China to lower costs, counter sales slump
A consumer slump in China, coupled with the market’s rapid shift toward EVs, has turned the former stronghold for Volkswagen into a weak spot.
Volkswagen to Slash China Jobs as Part of Global Overhaul
Volkswagen AG has begun trimming corporate jobs in China as part of its goal to reduce overhead by 20% globally over the next three years.
Volkswagen denies plans to cut 30,000 staff from its workforce
CEO Oliver Blume told employees that the company needed to end a three-decade-old job protection pledge that would have banned layoffs until 2029. View on euronews
VW Could Cut Up To 30,000 Jobs, R&D Might Take A Massive Hit
Reports indicate Volkswagen may cut up to 30,000 jobs amid financial pressures. VW denied that number, but declined to say how many employees might be let go. Some of the deepest cuts could be made to the research and development departments.
Volkswagen denies report that it is mulling 30,000 job cuts
Ailing German carmaker Volkswagen on Thursday declined a media report that it is planning to lay off up to 30,000 employees. "One thing is clear: Volkswagen has to reduce its costs at its German locations,
VW and China Partner SAIC Set to Close Plant as Sales Shrink
Volkswagen AG and its oldest Chinese partner plan to shutter one plant in China and possibly more in response to slowing ...
International lawmakers call on VW to withdraw from Xinjiang, FT reports
Volkswagen faces calls to withdraw from Xinjiang, China, from dozens of international lawmakers as the carmaker's audit of ...
VW And SAIC To End Operations At Chinese Plant As Sales Dwindle
Volkswagen and its Chinese joint venture partner SAIC Motor Corp plan to shut a factory in Nanjing as early as next year due ...
VW audit of Xinjiang plant failed to meet international standards
Leaked report, which the carmaker claimed cleared it from forced labour allegations, shows audit fell short, according to ...
Volkswagen plans stop to production at jointly-owned China plant
Volkswagen is planning to stop production at one of its combustion engine car plants in China, a person with direct knowledge ...
Electrek2d
Volkswagen weighs another plant closure, this time in China as domestic EVs take control
Volkswagen is facing another possible plant closure, this time in China, the company’s largest market. Although China is VW’s ...
German minister: VW must solve most of its problems alone
Volkswagen said earlier this month it needed significant restructuring to stay competitive, and was considering shutting ...
International lawmakers call on VW to withdraw from Xinjiang
“We call upon Volkswagen to withdraw from Xinjiang in recognition of the impossibility of meaningful human rights due diligence in the region — a fact long acknowledged by experts,” said a statement ...
Automotive News2d
VW and China partner SAIC set to close car plant as sales shrink
VW and SAIC are cutting capacity and conducting a strategy review of the Skoda brand in China after a steep dropoff in sales.
VW Dealers Get A Sneak Peek At New Atlas, Tiguan Confirmed For LA Show
The US-spec Tiguan will debut at the LA Auto Show and launch next summer. Dealers were shown the redesigned Atlas as well ...