Volkswagen is now so much in crisis that, for the first time in its history, the brand is considering completely closing and leaving one of its factories in Germany.
Volkswagen is now so short of money that the brand is now considering closing down entire factories in Germany for the first time in its history.
That's what Automotive News writes.
The same media writes that, in addition to factory closures in Germany, Volkswagen is also considering layoffs and scrapping a so-called job security program.
The program otherwise aims to prevent Volkswagen from forcibly firing employees until 2029. But Volkswagen can no longer afford that security.
READ ALSO: Sweden receives fierce criticism for selling diesel at DKK 11.
Representatives from Volkswagen's trade union tell the media that the brand's management is currently looking at whether it is possible to close a car factory and a factory that supplies parts for production in Germany.
If closures are involved, it will be the first time in Volkswagen's 87 years that the brand closes one or more factories in Germany. The trade unions themselves are not enthusiastic about this.
– The management has today presented an irresponsible plan, which shakes the foundations of Volkswagen and constitutes a massive threat to workplaces and locations.
– We will not tolerate plans that the company makes at the expense of the workforce and that cause major disruptions in the regions of our country, says Thorsten Groeger from the IG Metall trade union.
Volkswagen is not the only car brand that is swinging the knife these days. It was not many weeks ago that it became clear that Ford in Europe must be seriously slimmed down.
The savings plan has already meant that 8 out of 10 senior employees have been fired, and that the American department now manages the business in Europe. Read more about it here .
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