Shock in Wolfsburg: VW management announces that employees will be laid off and plants will be closed. “Car expert” Ferdinand Dudenhöffer on the causes of the misery.
The Volkswagen brand in the VW Group is to save at least four billion euros. CEO Oliver Blume even wants to scrap the guaranteed job security and close factories. Understandable?
Yes. Because CEO Blume and VW brand boss Thomas Schäfer see that their problems will grow, grow and grow in the coming years. They must act now, otherwise they will never get out of this difficult situation. And this situation is damn difficult because VW has the constitution of a state-owned company and cannot operate freely in a free market economy.
Source: Stern
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