Volkswagen

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07:05
Europe·News
Volkswagen plans to cut 12,000 more jobs by 2030, proposes transfer company scheme
According to media reports, Volkswagen's management plans to cut a further 12,000 jobs at its core brand by 2030, proposing that employees could voluntarily move into a state-subsidized transfer company (Transfergesellschaft) for retraining, during which they would no longer be VW employees. The plan, communicated by negotiator Arne Meiswinkel to the works council, is strongly opposed by works council chair Daniela Cavallo and union IG Metall, which is preparing labor disputes and possible strikes after year-end. An earlier report on October 19 said VW planned a multi-year pay freeze for its 600,000+ global employees through 2030.

22:01
United States·News
Audi to invest $4.2 billion in first US plant, creating 4,500 jobs
US President Donald Trump announced that German automaker Audi, a unit of Volkswagen, plans to invest $4.2 billion to build its first US factory in Macon, Georgia, with annual capacity of 200,000 vehicles and creating about 4,500 jobs. Construction is expected to begin next year, with production targeted for the early 2030s.
via ETHRWorld.com

04:41
Europe·News
VW's Skoda Auto unions reject salary freeze as part of group savings plan
Reuters reported that unions at Volkswagen's Skoda Auto have rejected a proposed salary freeze that was part of the broader VW group's cost-saving measures.
via Reuters