Volkswagen Considers Major Job Cuts Amid Restructuring Efforts

Bla,bla ,bla….

Nothing that can't be fixed by another round of share buybacks!

With VW you have a leadership that has no clear vision for the future, a company that missed the opportunity to take the lead in the next evolution of car manufacturing (software, batteries, etc) and a workforce that is too large for modern manufacturing processes (automation) and simply earns too much money for the profits the company makes (if any). And that gets you cars that feel out of date/uninspired and are plain too expensive. Nothing much you can do about that other than drastically shrink the company across all levels (including management), get back to basics and figure out how to regain the leadership position in the market. But just trying to wiggle your way through the current situation without making any absolutely drastic changes does not seem like it would be a winning strategy.

Buy 1 pay 2, DAS AUTO

I am sorry for the employees, it’s a horrible perspective to lose a decent paid job. Unfortunately this is business and this is the reality. The company was badly managed – first dieselschwindel ruined vw’s reputation, then the products became overpriced while quality fell, the high energy costs are a nail to the coffin.

SHAME! SUCH SHAME!!!

A company that used to be an example became a laughing stock – why? Greed

Here in Australia we shut down ALL the car factories in 2016. Ford, Toyota, Holden (GM) all shut within months of each other. Previously we had Nissan and Mitsubishi and they shut down in the 90's and 2000's. We hardly make anything anymore in Australia. We are pathetic. Sadly this has been coming to Europe for decades. VW, Audi, BMW, Mercedes, Porsche, etc, etc are all in trouble. All manufacturing in Europe is in trouble.

Germany's (and many western countries, including the US) industry is now reaping the fruits of trusting China. They were lured with the promise of market access and ended up giving up their technological advantage, only to be run out of the market by cheap copies.

Just look at the manufacturing methods in the video. It's no wonder they can't compete with the likes of Tesla or the Chinese, they are building cars like it's still 2010. The world has moved on – gigacasting, robotics, etc.

The main reason is that support for the VVar has led to a rise in energy prices.
But no one want to talk about it.

Household electricity in China is roughly 81% cheaper than in Germany in nominal terms.

Germany price: Average household electricity costs about €0.356 ($0.39) per kilowatt-hour.

China price: Average household electricity costs about $0.067 (€0.061) per kilowatt-hour.

The difference: German consumers pay more than 5 times (or roughly 530% of) what consumers in China pay for the same amount of electricity

Massive job cuts all over EU.

They should have thought about it before lobbying the eu against the inevitable

After they blow cheap gas from North stream production became expensive. Hold on Russia is collapsing 🙌🏻! Ohh Volkswagen is collapsing 🤔

Re-tool and start making drones and missiles, they are in high demand!!!

Remember when a certain American president reminded that Europe’s obsession with net zero emissions would lead to deindustrialisation and the German delegates laughed at the notion.

Good

Utopic green laws. They have to land with their ponys rinding on the rainbow and get hit by reality . And for humanity stop destroying the life of the people

Soooo – how's German manufacturing without the cheap Russian gas that gave Germany a cost edge? 😮

remember Germen laughed Chinese goods many years…

Unfortunately, German carmakers (and other industries) have lived in the past for far too long. My next car will most likely be a BYD. Don't judge me, lots of you buy Chinese made laptops, clothes, and phones, don't you?

The BMW story of charging monthly for the luxury of heated seats put me off German automobiles forever.

Europe is museum, full of stolen artefacts.

If people aren't buying your cars, then closing is what happens. Diesel gate killed VW, if you can't trust a company, it's over.

many peoples around world loose their jobs daily,but only overpaid germand wv workes will go and cry about their future

Too expensive to do business there. Extremely high energy prices due to green energy mentality and excessive regulations. Sad simple truth.

I have always driven German & VW cars but this year I decided to buy a brand new Toyota Corolla Hybrid 1.8 estate model. It is the best decision I have ever made the mpg is incredible and it costs me $60 to fill up. German cars are vastly overpriced and not as reliable anymore.

For their lying about mileage in my country, good riddance. The banality of cheating for a living doesn't bother these Germans? I wish that way of life wasn't so common in the world of slaves serving unfaithful masters.

Welcome to America 1980s.

Sorry but they collected money for decades , now the Chinese offer batter value. No need for VW anymore unless.

Как сказал Мерц: есть явные признаки, что экономика Германии восстанавливаются. Закрытие заводов Volkswagen это самый явный признак, все отлично.

Why do the Greman people and politicians let the EU leadership to destroy the European auto industry?
Before the VW diesel scandal the major portion of the revenue of the car manufacturers came from ICE cars. Some from hybrids, PHEV-s (which was growing) and a microscopic part from BEV if the have BEV at all. It was microscopic because the price/value ratio of the BEV was extremely bad. Only rich enthusiast bought EV-s.
After the scandal the EU leadership became a loose cannon and wanted to to force the car manufacturers to sell mainly BEV-s, but they did not care if there is a high demand with purchasing power in the market. They also did not care if the market can charge their car at home with normal tariff or they can charge their car anywhere else with acceptable tariff. They really did not care any aspect of their daydream.
That daydream became a nightmare. They forced the car manufacturers the increase drastically the price of the ICE cars, the hybrids, PHEV-s to make the BEV are more palatable. They forced the car manufacturers to develop new EV platforms, not to mention of developing driving assistante features giving a very close deadline to them. The car manufacturers burned a tremendous amount of money to develop while their revenue is plummeted, becacuse the price/value ratio of the ICE and hybrid cars also became very bad. The 10k Euros entry level cars, became 20-25k Euros and the market stopped buying new cars.
Is there a solution, any solution? I dont know but the first step should be to stop the CO2 tax of the cars and stop anything which artificially increasing the price of the ICE cars. If they need a cleaner air, they should target the very old Euro 3-4 cars, mainly the with diesel engine. Those cars should not be on the streets anymore. Lots of the measuring systems, equipments using in the MOT / PTI / TÜV is outdated in many EU country so they let the cars to the traffic with the worst emission with high CO2/CO/NO/PM. In lots of old cars the major parts of the exhaustion system is removed. The EU should focus on the real problem, the cars with high emission, not stopping the people to buy the much much cleaner cars with Euro 6 engine. If they want ban the diesel engine in the new passenger car segment, but not burning down a whole industry.
Not China is the biggest threat of this industry, but the ignorant EU leadership and the ignorant german and french politicians.

Sounds like Michigan towns and GM in early 1980s

This is the problem not Russia….This is the reason why AFD is soaring…..

let's keep an eye on any fledgling Austrian artists.

The world wont pay the extra high costs to manufacture in Germany. Everybody made mistakes, the employees too, when they asked for too much togerher with the unions

Fear not guys, it's all under control what matter is the green color, Brussels is jumping in contentment they will have what they're fighting for turning europe into a green region, doesn't matter if europeans go unenployed what matters is the graal of color.

The German Brands are to late reacting about the China trap!
Today in Germany with VW to Produce are to high Proces ! Brüssel are to smart to Chinas Floded Cars to Europae!

That’s what forcing woke environmentalism does on roots level

Here in Japan, we hesitated to invest heavily on EVs. This is because the infrastructure is not yet ready for EV and demands from AI data center is coming earlier.
While demands for AI data center is fulfilled, automotive here would be replaced to eFuel/CH4/LH2 which the current infrastructure will be utilized.
EV cannot replace heavy duty vehicles anyway so fuel will remain as the source of energy.

Green Politics💚💚💚💚💚💚