VW boss wants to stop factory closures
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Oliver Blume is the boss of Volkswagen. He does not want to close any factories. He looks for smart solutions. Four factories in Germany have worries. These are Zwickau and Emden. Also Neckarsulm and Hannover have worries. 40,000 people work there. VW wants to save money. Last year costs fell by 20 percent. This is a good success. The car market is hard right now. There is much trouble in world politics. The competition is also very big. VW wants to build fewer cars until 2030. There should be fewer car models. The company wants to work better. New electric cars sell well. VW sold 50,000 ID. Polo in 4 weeks. VW is the market leader in Europe. But jobs will end. 5,000 jobs will end in the management. VW has 650,000 workers worldwide. It is unclear how many jobs will end in total.
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Definitions
- Company
- A company is a group of firms with one leader.
- Production capacity
- This is the amount of goods a firm can build.
- Management
- The management are people who lead the firm.
People
- Oliver Blume
- Oliver Blume is a manager. He leads the car firm Volkswagen.
Locations
- Zwickau
- A city where Volkswagen builds cars.
- Emden
- A city with a large factory from Volkswagen.
- Neckarsulm
- A city where a factory of the brand Audi stands.
- Hannover
- The capital of Lower Saxony. VW builds trucks there.
Sources
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