Volkswagen CEO warned company could lose 30,000 jobs if it transitioned too slowly to EVs, sources say

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Competition from new entrants to Germany’s market has pushed Volkswagen to speed up its transformation, CEO Herbert Diess is said to have told a supervisory board meeting in September

Aly Song/Reuters

The U.S. EV maker plans to produce 500,000 cars a year in Germany with 12,000 employees, while Volkswagen’s 25,000 produce just 700,000 cars at its Wolfsburg plant.A company spokesperson confirmed Diess’ position that Tesla and others’ presence in Germany heightened the urgency of transitioning to EVs, but denied that specific calculations had been made on how many jobs could be lost in the process.

“A debate is now under way and there are already many good ideas. There are no concrete scenarios,” Manske said.A spokesperson for Volkswagen’s workers’ council said that while they would not comment on whether Diess made the remarks, “a reduction of 30,000 jobs is absurd and baseless.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Companies giving back to their communities isn’t just altruism – it’s smart business senseConsumers want to understand a company’s altruistic side, and it impacts their loyalty Philanthropy is the illusion of caring instead of paying living wages and fair taxes.
Source: globeandmail - 🏆 5. / 92 Read more »