Tag Archives: Jobs

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VW lays off 35,000 employees

After it was recently reported that Volkswagen could move production of the Golf Mk 8 to Mexico, it will happen. This information was confirmed by Volkswagen, which after the strikes reached an agreement with the IG Metall union, which means that the German company will lay off more than 35,000 employees by 2030.

Volkswagen says that the agreement combines job security, financial stability and a leading technological position in the field of sustainable mobility. They also said that the savings of more than 15 billion euros per year will help future investments until the end of the decade.

“The agreement is an important signal for the sustainability of the Volkswagen brand, Volkswagen Commercial Vehicles and the component plants. The agreed package of measures allows the company to set a decisive course for its future in terms of costs, capacity and structure. We are now once again in a position to successfully shape our destiny,” said Volkswagen Group CEO Oliver Blume.

The Golf Mk 8 is currently produced at the Wolfsburg plant, and after the decision, only the electric version of this model, the ID.3 and the Cupra Born will be produced there. Other plants in Germany will also continue to produce other models from the VW Group.

Source: Volkswagen

News

Nissan cuts 9,000 jobs

Nissan is in trouble, and in order to save what can be saved, the company is selling its share in Mitsubishi Motors, but also reducing production capacity, which puts 9,000 jobs in question.

CEO Makoto Uchida cut his salary by 50% and presented a reform plan to pull the company out of the abyss. That includes reshuffles of some officials, including Nissan president Guillaume Cartier who has been moved to the position of executive director of performance. He lowered forecasts related to sales and operating profit for the whole year, but also the previously set target for net income.

Nissan currently has 133,580 employees, and it is predicted that the planned reforms and cutting 9,000 jobs would save the company three billion dollars. The intention is to reduce global capacity by 20 percent, so that global production capacity worldwide amounts to 5 million cars. Nissan has 30 new or refreshed models in the lineup and has no plans to phase them out, but is likely to shift launch dates depending on market needs.

Also, the company announced the sale of 1/3 of its 34 percent stake in Mitsubishi, but even after the sale it should remain the largest shareholder.

Source: Reuters