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  5. Volkswagen considers potential closure of German factories amid restructuring plans and job security concerns

Volkswagen considers potential closure of German factories amid restructuring plans and job security concerns

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Volkswagen is planning to close at least three of its factories in Germany, marking the first time the company has done so on home soil. This move comes as part of Volkswagen's plans to revamp its business and reduce staff. The closures would be a blow to Germany's industrial prowess, as Volkswagen is not only the largest car manufacturer in Europe but also the biggest employer in Germany. The company's plans involve not only plant closures but also permanent reductions in staff at its remaining production sites. The exact details of Volkswagen's plans are not yet clear, but it is expected to impact employees across multiple sites.

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  1. DE
    Daniela Cavallo
    VW Works Council
    1. This is the plan of Germany's largest industrial group, to start to sell off in its home country of Germany.
    2. There is only one way forward for us which is that in the end, plant closures will be avoided.
    3. In our view, there can't be any other result and for that, like I said before, we will vehemently fight. Workers showed today that they are ready to go down that road with us.
  2. DE
    Gunnar Kilian
    Volkswagen
    1. Without comprehensive measures to restore competitiveness, we will not be able to afford significant future investments.
  3. DE
    Oliver Blume
    Volkswagen
    1. New competitors are entering the European market. Germany in particular as a manufacturing location is falling further behind in terms of competitiveness.
  4. DE
    Arno Antlitz
    Volkswagen
    1. We need to increase productivity and reduce costs. We still have a year, maybe two years, to turn things around.
  5. DE
    Volkswagen
    1. Volkswagen is at a decisive point in its corporate history.
  6. DE
    Stefan Brazil
    1. We are indeed experiencing a turning point in the automotive industry.
    2. The big party that this industry has been enjoying, and from which German manufacturers benefited for a long time, has ended.
  7. DE
    Uli Brückner
    1. They made 23 billion [euro – around $25.5m] profit last year, so it's not the end of the world.
    2. In view of the developments in Germany as a business location, we must work together to find ways that will enable us to continue investing in our products and technologies on a sustainable basis. This is the only way we can rebalance the fundamental scales of profitability and employment.
  8. DE
    Axel Wenzlaff
    1. They should start with those at the top, throw out the people who are responsible.

sources

  1. 1.CGTN
  2. 2.The Times of India
  3. 3.Le Monde
  4. 4.France 24
  5. 5.The Washington Post
  6. 6.The Times
  7. 7.CTV News
  8. 8.Agence France-Presse
  9. 9.Washington Post

perspectives

  1. 1.European Energy Market
  2. 2.Scholz Coalition in Germany
  3. 3.German Economy
  4. 4.Electric Cars
  5. 5.Automotive industry
  6. 6.Jobs Cut
  7. 7.China-Germany Relations
  8. 8.US-Germany relations

countries

  1. 1.BelgiumBE
  2. 2.ChinaCN
  3. 3.GermanyDE

organizations

  1. 1.VolkswagenDE
  2. 2.Audi
  3. 3.Skoda
  4. 4.Porsche
  5. 5.Build Your Dreams
  6. 6.Labour Party
  7. 7.Stellantis NVFR
  8. 8.VW Works Council
  9. 9.Bentley
  10. 10.IG Metall
  11. 11.Mercedes-Benz
  12. 12.Stanford University

persons

  1. 1.Daniela CavalloDE
  2. 2.Olaf ScholzDE
  3. 3.Oliver BlumeDE
  4. 4.Arno AntlitzDE
  5. 5.Axel WenzlaffDE
  6. 6.Eckard Siewertsen
  7. 7.Hubertus Heil
  8. 8.Michael GadowDE
  9. 9.Stefan BrazilDE
  10. 10.Uli BrücknerDE
  11. 11.Gunnar KilianDE
  12. 12.Thorsten GrögerDE

technicals

  1. 1.Betriebsrat