Volkswagen lacks money. In fact, so much money that they are now firing another 1,000 employees. This time in a subsidiary company.
Almost a third of the employees in Volkswagen's subsidiary Autovision must find a new job. Out of 3,500 people on the payroll, 1,000 must be cut.
The Volkswagen management, led by director Thomas Schäfer, has decided that. At Autovision, they organize a large number of the employees Volkswagen hires on limited-term contracts.
And it is therefore a large part of them that are probably still needed, but which the VW management nevertheless believes that they can no longer afford.
The newspaper writes that Wirtschaftswoche .
READ ALSO: Sticker to prevent fire in Audi's electric cars
However, the news about the mass layoffs in Wolfsburg comes at the same time that Volkswagen can say that it is throwing away money after an expansion of the electric car factory in the city of Emden in northwestern Germany.
At the Emden factory, there are big plans and hopes that sales of the electric answer to a Passat, the ID.7, will go well. In any case, the factory site must now be expanded so that there is room to build more cars.
But it will not be with the help of the temporary employees, who will soon have no work. Conversely, the Volkswagen Group is not the only one firing at the moment.
In the past several months, the German car industry in particular has almost sprayed out one round of layoffs after another. For example, the sub-supplier ZF has announced that it needs several billion kroner over the next few years. Therefore, an austerity plan also means the dismissal of up to 14,000 people.
Back at Volkswagen, it's not just the promissory notes that are a problem. This is also the software in the brand's cars. Most recently, this has meant that a large planned electric car project is being postponed again and again. Read more about it here .
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