Volkswagen agreed on a savings plan: 35,000 jobs have to give way!

Volkswagen agreed on a savings plan: 35,000 jobs have to give way!

Wolfsburg, Deutschland - The Volkswagen AG and the employee representatives recently agreed on a drastic savings plan that affects thousands of managers. A current media report by Austrian Wirtschaftszeitung reports that the May bonus of the approximately 4,000 managers should drop by up to ten percent. The planned salary cuts will extend over the next few years, with further reductions of eight, six and five percent by 2030. In addition, the employees have agreed to forego wage increases and reduce bonuses, while the group also dismisses planned work closings. Instead, the technical capacity of the works is permanently reduced by 734,000 vehicles, which corresponds to about a quarter of production in Germany

previous successes and the historical context

The current decisions are made in a time when Volkswagen looks back on a long history of successful internationalization. This was favored in the 1950s by the reconstruction of Europe and the development of new markets. According to Volkswagen Chronik , the work was the work of the largest foreign exchange fountain and dominated Automobil export with a market share of up to 50 percent. The Volkswagen Käfer became a symbol of the economic upswing and set standards in terms of quality and economy, especially in emerging markets.

Nevertheless, the way to global dominance was peppered with challenges. The international expansion attempts in regions such as the United States and Brazil were characterized by political and economic uncertainties. But the stubborn strategy of Volkswagen, coupled with comprehensive customer care and clever investments, finally led to a breakthrough in various markets and created the prerequisites for the company to keep themselves stable even in difficult times.