Oliver Blume is the boss of Volkswagen. He speaks at a meeting with shareholders. He says: Volkswagen must save much money. The situation is now very hard. The company does not earn enough money with cars. Therefore many jobs go away. 50.000 jobs end by the year 2030. Many people sign a contract. They leave the company on their own.
Volkswagen also wants to build fewer cars. Factories in Europe must become smaller. The company builds fewer cars in China too. China is an important market. But there is much competition there. Companies from China now build factories in Europe. Volkswagen must cut costs for this. Only then does the company have success.
The meeting of the shareholders happens on the internet. The bosses are in Munich. The shareholders ask many hard questions. They worry about the future. The diesel scandal is a topic again. It is about old contracts with old bosses. The shareholders must vote on this again. Susanne Wiegand leaves the supervisory board of the company.
