Volkswagen And Labor Union Join To Cut Costs And Preserve Jobs

Volkswagen said that it would open talks with labor unions to come up with a cutting costs strategy as soon as possible, as the automaker is facing pressure to recoup some of the losses triggered by the dieselgate.

After Volkswagen reported its highest ever operating loss last year, as it set aside 16.2 billion euros (18.4 billion dollars) to cope with the financial repercussions of the emissions scandal, the company committed to streamline its operations to reverse the downward trend. Next week it will present a new business plan along these lines, a strategy that will also be focused on more technological investments in electric cars, self-driving systems and mobility services.
 

TheSteve - 6/9/2016 11:37:28 AM

+1 Boost

What a novel idea: Cutting costs, but NOT getting rid of people to do it.

MDarringer - 6/9/2016 12:23:01 PM

+1 Boost

Heaven forbid they should obliterate product overlap.

Heaven forbid they should adopt a "One VW" strategy that saved Ford from ruin.

Heaven forbid they should aggressively target segments that they choose not to compete in despite them being lucrative.

Perhaps VWAG should buy Jeep, Ram, Chrysler, and Dodge from FCA, kill Chrysler and Dodge, and rebrand the Pacifica as a VW.

PUGPROUD - 6/9/2016 6:06:04 PM

+2 Boost

Cut no people but cut costs and likely result in lower quality and materials. After all the union comes before the customer!

carsnyc - 6/10/2016 12:36:04 PM

+1 Boost

You mean even lower quality?