Big save plan at Volkswagen
154
Volkswagen has big worries. The bosses make a save plan. The board agrees to this plan. The plan is the future plan 2030. Volkswagen wants to save much money. Therefore the firm cuts many jobs. In the next years 50000 jobs go away. Until the year 2030 it is 100000 jobs. Factories in Germany have problems. The plants in Emden, Zwickau, Hannover and Neckarsulm are in danger. Volkswagen checks other ways for these places. The union IG Metall says: No plant closes now. Volkswagen wants to change brands. The spanish brand Seat stops soon. This happens until the year 2029. Volkswagen focuses more on the brand Cupra. Cupra sells more cars than Seat now. There are reasons for the hard save course. Firms from China build cheap cars. This is a big rival for Volkswagen. High taxes in the USA make problems. Volkswagen wants to be strong in the market again with this plan.
This text was generated automatically and has not been reviewed for accuracy. No guarantee is given for the correctness of the content. Learn more Learn more about article generation
Definitions
- Board
- A group of people in a firm. They check the work of the bosses and make big choices.
- Union
- An group that helps the workers. They fight for good pay and safe jobs.
- Market
- This means that a firm is good enough to win against other firms. For example with good prices or good goods.
People
- Oliver Blume
- He is the boss of the whole Volkswagen group.
- Daniela Cavallo
- She leads the works council at Volkswagen and helps the workers.
Locations
- Germany
- A land in Europe where Volkswagen has many factories.
- Wolfsburg
- A town in Germany. The main office of Volkswagen is there.
Sources
ANSA
Ipotesi choc in casa Volkswagen, addio a Seat entro il 2029 - Industria e Analisi - Ansa.it
Read nowLatest articles
Economy
Companies & Markets
VW makes a big plan to save money
Read nowVW wants to save much money. The board agrees to the plan. Up to 60000 jobs will go away.
Economy
Companies & Markets
VW saves money: Many jobs go away
Read nowVW agrees on a hard plan to save money. About 50000 jobs go away to save the firm.
Politics
Foreign Policy
Israel wants people to leave
Read nowA minister wants 2 million people to leave Gaza. Many people say no. There is new war in Gaza.
Economy
Consumer & Retail
Netflix raises prices
Read nowNetflix asks for more money for its subscriptions. Prices rise in Germany and Austria. This applies to all types of subscriptions.