Volkswagen plans massive job cuts: 35,000 jobs by 2030 away!

Volkswagen plans massive job cuts: 35,000 jobs by 2030 away!

Wolfsburg, Deutschland - Who would have thought that the light could end at Volkswagen (VW) in the coming years? The automotive giant plans to break down 35,000 jobs by 2030. Around 20,000 withdrawals are already contractually fixed, which makes up more than half of the planned degradation. This renovation program, which is reflected in the "Future Volkswagen" agreement, was negotiated with the union in December last year. This means that almost 25 percent of the 130,000 jobs in Germany should be eliminated. However, operational terminations are excluded - instead, VW relies on early retirement and severance payments to make the reduction socially acceptable.

How did this drastic decision come about? At the last general meeting, a touch of crisis from the ranks of the shareholders blew. Sales problems, a clear drop in profits and the prospect of a job cuts caused great pressure. The overcapacity and the weak demand in key markets such as China and Europe do the rest. In the light of these challenges, CFO David Powels reported that Volkswagen still had a lot of work ahead of him to set up as a competitive and sustainable company.

The details of the mining

The job cuts are on schedule, as Human Resources Director Gunnar Kilian confirmed in a recent company meeting. The resignations are based on the duration of the service to compensate for the employees concerned fairly. The mining primarily affects the six German locations of Volkswagen AG, which increases the effects in the region.

• job cuts by 2030: 35,000
• already contractually fixed withdrawals: 20,000
• workplaces in Germany: 130,000
• Departures from early retirement and severance payments: no operational terminations
• progress in the renovation program "Future Volkswagen"

The challenges in front of which Volkswagen is facing are no coincidence. High investments in electromobility and the associated personnel costs have also affected competitiveness. It is a necessary response to structural problems that have been on the table for years, like low returns in electric vehicles and a high break-even point?

VW wants to be competitive with the course chosen by 2029, which is an enormous challenge in view of the current market conditions. The course are set and the company hopes to pave a sustainable path into the future by dismantling. It remains to be seen whether this really turns out to be a successful maneuver.

The situation is certainly not easy for affected employees. The conversations about future prospects are in full swing, but while the car manufacturers rely on new paths, the human aspect remains not to be not undesigned. The balance between economic survival and social responsibility will be crucial for Volkswagen in the coming years.

The situation at Volkswagen is not only a significant turn for the company itself, but also for the entire industry. Only time will show how well the automobile manufacturer masters this transformation while the competition does not sleep.

For further information on the background and details of the job removal, read the reports from News38 href = "https://www.zdfheute.de/wirtschaft/volkswagen-stellenbau-mitbau-miträchter-100.html"> ZDF today and . .