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Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars. "Over the coming years, we will need to reduce our workforce in a socially responsible way," the group's human resources chief Gunnar Kilian said.
This week begins with another worrying news from the Volkswagen Group's Zwickau factory, which is the group's largest EV plant in Europe.
Persistent logistics and energy crises are a “slow poison” with major repercussions for the South African automotive manufacturing industry, says Ford Africa president Neale Hill.
Staff reductions and salary cuts have taken centre stage at Volkswagen after its CEO branded the automaker as "no longer competitive".
According to a media report, VW brand chief, Thomas Schaefer, has stated that the Volkswagen car brand is 'no longer competitive'.The VW chief made the statement at a staff meeting at the brand's headquarters in Wolfsburg, Germany.