Volkswagen Union Says It Had No Idea That Early Retirement Offer Was In The Works

Manager Magazin had earlier reported on its website that VW had agreed with labor leaders on cutting costs at the VW brand by between 5 billion and 6 billion euros ($5.5-6.6 billion) by 2025 at the latest.

VW will take advantage of natural attrition to cut between 10,000 and 20,000 staff over the next decade, the magazine had said, citing unnamed sources familiar with the talks.

PUGPROUD - 10/19/2016 10:56:13 AM

-1 Boost

With labor on their the reduction in force in Germany will be offset by some strong union demands in other areas...increased vacation, increased sick days, more paid holidays, etc etc. There is a lot of room to cut employee base at VW...its total number of employees versus Toyota at comparable volume is significantly higher.

TheSteve - 10/19/2016 4:36:17 PM

0 Boost

Ouch! Not a good approach by The Ivory Tower. It would have been better to give the Union leaders a courtesy heads up, and keep them in the loop. That way, it looks less like you're playing hard-ball or trying to pull a fast one on them. Optics matter, even if you're acting on best intentions.

MDarringer - 10/19/2016 8:24:40 PM

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TheSteve: Stop being trendy and using terms like "optics". "Pivot" the "narrative" back to normal language please. :)

MDarringer - 10/19/2016 8:23:09 PM

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Leave it to the union to screw over their members, the workers.