Volkswagen Plans 30,000 Job Cuts Worldwide (bbc.com)

Volkswagen has announced plans to cut 30,000 jobs worldwide with about 23,000 of the losses borne in Germany. From a report on BBC:VW, still dealing with the aftermath of the emissions-cheating scandal, aims to rejuvenate its core brand, and develop new electric and self-driving cars. VW says it will create 9,000 jobs as part of investments in new products. The cuts should bring annual savings of $3.92bn by 2020. VW and unions have been hammering out a plan to revive its fortunes since June. Volkswagen chief executive, Matthias Mueller, said it was "the biggest modernisation programme in the history of the group's core brand." "The VW brand needs a real shake-up and that is exactly what the future pact has turned out to be," he added. The car giant -- which employs 610,000 people in 31 countries -- wants to increase the brand's profit margin from 2% to 4% and to do this it will need to improve productivity at its German plants by 25%.

Comments

Employees

[lazarus]

It's always the employees (and their families) who end up suffering for poor management decisions.

Cheat. Get Caught. Pay fines. Lay off Employees.

Re:Counterpoint.

[Anonymous Coward]

Too bad your parents didn't use the same logic on you the moment you were born.

Re:I had a Passat as well; same problem

[HornWumpus]

I don't care what brand of car you own (exception for exotics needing factory service to retain value).

Never take a car to a dealership for non-warranty work. Never.

WTF were you thinking?

If you know nothing about cars, have a friend that does, find you a reasonably honest shop. You'll note that she/he won't even consider the 'stealerships'. Many dealership mechanics are honest, but the whole place _isn't_. It's not (necessarily) the dealership mechanic stealing from you, it's everybody else there...$100+ labor rate for recent 'wyotech' grads...'retail' parts pricing...you literally can't do worse.