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Volkswagen wants to cut many jobs

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The car company Volkswagen wants to cut many jobs. A magazine reports this. It says 100,000 jobs might go. This is a very high number. Many people work for Volkswagen now. The boss of the company is Oliver Blume. He tells the board about his plans.

Volkswagen might close 4 factories in Germany. This includes the cities Hannover, Zwickau and Emden. Also an Audi factory in Neckarsulm might close. The company wants to save money. The board meets on July 9. They talk about the plans.

A union fights against these plans. A group for workers fights too. They say the plans hurt the people. Many politicians feel worried. The government wants to keep the factories open. Volkswagen has much competition from China.

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Definitions

Board of directors
A group of people that watches the company.
Works council
A group of workers that helps other workers.
Union
A group that helps workers get better pay.

People

Oliver Blume
He is the boss of the car company Volkswagen.

Locations

Hannover
This is a city in Germany with a factory.
Zwickau
This is a city in Germany with a factory.
Emden
This is a city in Germany with a factory.
Neckarsulm
This is a city in Germany with an Audi factory.

Sources

Logo ORF
ORF

Bericht: VW will bis zu 100.000 Stellen streichen

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Logo Die Presse
Die Presse

Bericht: Volkswagen will bis zu 100.000 Stellen abbauen

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Südtirol News

Bei VW sollen laut Bericht bis zu 100.000 Stellen wegfallen

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Logo VOL
VOL

VW plant massiven Stellenabbau: Bis zu 100.000 Jobs betroffen

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Logo The Guardian
The Guardian

VW plans to cut up to 10,000 jobs and shut plants, report says

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Logo ORF
ORF

Bis zu 100.000 Stellen weg?: Bestürzung nach Bericht über Volkswagen

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la Repubblica

Volkswagen raddoppia i tagli: 100mila posti e quattro stabilimenti tedeschi a rischio

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