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VW plans to cut 50,000 jobs

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The boss of Volkswagen is Oliver Blume. He talks about fewer jobs at VW. 50,000 jobs go away without lower costs. This affects factories around the world. VW has high costs for administration. These costs are 20 percent higher than elsewhere.

Some factories in Germany have no clear future. This affects Emden, Hannover and Zwickau. The Audi factory in Neckarsulm is also at risk. Oliver Blume wants to keep these factories. He searches for good solutions for the locations. In Osnabrück, VW talks to defense companies.

There were plans for less staff in the past. 50,000 jobs go away by the year 2030. This mainly affects the core brand VW. Many workers signed contracts for this already. They leave the company on their own. The new 50,000 jobs come on top of this.

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Definitions

Administration
The part of a company that plans the work.
Core brand
The most important part of a big company.

People

Oliver Blume
He is the main boss of the Volkswagen group.

Locations

Zwickau
A city with a big factory from Volkswagen.
Emden
A city in the north of Germany.
Hannover
A big city in Germany with VW factories.
Neckarsulm
A city where the company Audi has a factory.

Sources

Logo 20 Min
20 Min

VW-Stellenabbau: Konzernchef Blume nennt erstmals 50'000 bedrohte Jobs

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Logo ZDFheute
ZDFheute

Volkswagen-Stellenabbau: Bis zu 50.000 Jobs in Gefahr

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Logo SRF
SRF

VW: Blume spricht von 50'000 wegfallenden Stellen

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Logo The Guardian
The Guardian

VW chief confirms plan to cut 50,000 jobs as board rejects plant closures

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Logo FAZ
FAZ

VW: Stellenabbau, Werkschließungen, weniger Automarken

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