Volkswagen goes head-to-head with workers over proposed cuts

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Volkswagen goes head-to-head with workers over proposed cuts - Channel News Asia

Quick Summary:

WOLFSBURG, Germany :Volkswagen management is facing workers at a crunch meeting at its headquarters on Wednesday as the automaker seeks to push through deep cost cuts - including factory closures in Germany - in an effort to revive profits at its namesake brand.

But the union, one of Germany's mightiest labour groups with seats on Volkswagen's supervisory board, cannot imagine starting negotiations without the company taking its threat to close down plants off the table, he warned in an interview.

While management laid blame for its financial woes on the worsening economic environment in Germany and new competitors entering the market, labour representatives said the carmaker's production strategy was inefficient and decision-makers had been too slow in investing to produce a mass-market electric vehicle.