Volkswagen may just close down as many as 3 factories in Germany and lay off tens of hundreds of staff because it seeks to regain its edge in Europe amid slumping gross sales and greater festival from China, the corporate’s most sensible worker consultant stated Monday.The closures will be the first within the 87-year historical past of the corporate, Germany’s biggest employer, and could be an extra blow to the rustic’s already stagnant economic system.The consultant, Daniela Cavallo, who leads the council representing the corporate’s workers in Germany, advised a meeting of staff at Volkswagen’s house plant in Wolfsburg that the proposed closures have been a part of a plan that managers had offered to the works council.The corporate “needs to near no less than 3 VW factories, downsize all ultimate vegetation, divest itself of core spaces and, on most sensible of that, understand heavy pay cuts for the rest workers,” she stated.Volkswagen may be making an allowance for slicing the paintings drive on the vegetation in Germany that might stay open, Ms. Cavallo stated, including, “In concrete phrases, this implies disposing of much more merchandise, volumes, shifts and whole meeting strains some distance past to what we have now already accomplished.”Volkswagen is the flagship emblem of the Volkswagen Team, which additionally contains Audi and Porsche.No different corporate in Germany carries the similar weight as Volkswagen. Its historical past is intertwined with the rustic’s financial and commercial prowess of the post-International Warfare II technology, and native economies of whole areas around the nation rely on Volkswagen and its well-paid staff.Thanks to your endurance whilst we examine get right of entry to. If you’re in Reader mode please go out and log into your Occasions account, or subscribe for all of The Occasions.Thanks to your endurance whilst we examine get right of entry to.Already a subscriber? Log in.Need all of The Occasions? Subscribe.
