Tuesday, 10 Jun 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • House
  • White
  • VIDEO
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Colossal
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > World News > Volkswagen To Cut 35,000 Jobs In Germany By 2030
World News

Volkswagen To Cut 35,000 Jobs In Germany By 2030

Last updated: December 20, 2024 1:36 pm
Share
Volkswagen To Cut 35,000 Jobs In Germany By 2030
SHARE


Berlin:

Volkswagen, the crisis-hit auto giant, announced its plan to reduce 35,000 jobs in Germany by 2030 as part of a cost-cutting strategy after reaching a deal with unions. This agreement, which will save the company around four billion euros ($4.2 billion) annually, was reached after extensive negotiations with labor representatives.

The IG Metall union praised the agreement for preventing forced layoffs and plant closures, bringing relief just before Christmas and putting an end to the ongoing strikes.

Initially, Volkswagen had considered closing production sites in Germany, but the agreement averted such drastic measures. The company’s management emphasized the urgency of addressing the serious situation at the Volkswagen brand, which employs approximately 120,000 people in Germany.

Volkswagen has been facing challenges in transitioning to electric vehicles and dealing with increased competition in China from local manufacturers. The group, which includes brands like Audi, Porsche, and Skoda, also cited declining demand and high labor costs in Europe as key issues.

As part of the agreement, there will be no plant closures, but production will cease at Volkswagen’s Dresden factory by the end of 2025. The Osnabrueck plant will continue operations until mid-2027 before transitioning to other uses. Additionally, production of the Golf model will be moved from Wolfsburg, Germany, to a facility in Mexico.

The cost-saving measures include a pay freeze for employees in 2025 and 2026, along with the gradual reduction of the workforce. Volkswagen aims to save 1.5 billion euros through lower labor costs and restructuring.

The challenges faced by Volkswagen reflect broader economic struggles in Germany, with high energy prices and the possibility of a second consecutive year of economic contraction. The government has been involved in finding solutions to prevent mass layoffs at the iconic company.

See also  Supplements for Healthy Skin to Cut Down Your Skin-Care Routine

The story has not been edited by NDTV staff and is published from a syndicated feed.

TAGGED:cutGermanyJobsVolkswagen
Share This Article
Twitter Email Copy Link Print
Previous Article Trump And House GOP’s Promise To Not Cut Social Security Is Total Nonsense Trump And House GOP’s Promise To Not Cut Social Security Is Total Nonsense
Next Article Top Mobile App UI UX Design Trends to Rule in 2025 Top Mobile App UI UX Design Trends to Rule in 2025
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Tufts Student Returns to Massachusetts After 6 Weeks in Immigration Detention

Rumeysa Ozturk, a Turkish citizen studying at Tufts University on a student visa, returned to…

May 11, 2025

Meghan Tells Duke Of Sussex That 2025 Will Be Her Year For Lifestyle Empire

Frustrated Meghan Markle has set her sights on making 2025 her year of success. The…

December 3, 2024

New apartment complex on the block in Frankton

Safari Group has recently unveiled its latest development in Queenstown, marking its fifth project in…

November 22, 2024

What to watch for as USWNT finish strong year with high-profile friendlies at England, Netherlands

However, with different personnel available for these friendlies, Hayes could potentially try out different formations…

November 28, 2024

Why Canadians are stung by Wayne Gretzky’s silence

Canada’s most beloved sports star, Wayne Gretzky, made headlines during the 2002 Salt Lake City…

March 9, 2025

You Might Also Like

Dem Calif. Rep. Maxine Waters blatantly lies about LA protests: ‘There was no violence’
World News

Dem Calif. Rep. Maxine Waters blatantly lies about LA protests: ‘There was no violence’

June 10, 2025
U.S.-China trade talks continue on day 2 in London : NPR
World News

U.S.-China trade talks continue on day 2 in London : NPR

June 10, 2025
The Largest Tax Cut in History for Working and Middle-Class Americans – The White House
The White House

The Largest Tax Cut in History for Working and Middle-Class Americans – The White House

June 10, 2025
Heat on Agriculture Minister to deliver KiwiSaver farm promise
World News

Heat on Agriculture Minister to deliver KiwiSaver farm promise

June 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?