VW employees dissatisfied with management communications, anxious about plant futures

Management
โดย Reuters·DE·Read original
Summary · why it matters

A survey conducted by Volkswagen's works council has found that public statements by management have unsettled employees and their families and bred distrust. The survey showed concerns about job security, the future of early retirement and severance schemes, and the outlook for the plants in Emden, Hanover, Neckarsulm, Osnabrück, and Zwickau. CEO Oliver Blume indicated in an internal memo that these four plants are not expected to reach competitive capacity utilization in the 2030s, but stressed that no concrete plant closures have yet been decided. Blume has denied accusations that he is withholding information and is scheduled to address employees at an extraordinary meeting in Wolfsburg on the 25th.

Impact on stocks 2

Consumer Discretionary · 1 stocks
Volkswagen AG
VOW
▼ NegativeRegulationrelevance

Works council survey shows employee distrust and anxiety over plant futures due to management communications.

Electrification & Mobility · 1 stocks