The crisis is taking centre stage Volkswagena gloomy signal for the German economy but not only. As we all know, the famous car manufacturer is considering closing one of its plants in Germany to cut costs, to be precise 10 billion euros by 2026. A decision that would be historic, since it would be the first time in the history of the company. Further developments have been recorded in the last few hours, because an important meeting was held in Wolfsburg company meeting. But not only that: the Brussels plant in Belgium, a production site (obviously) of electric cars, is also closing its doors.
To avert the closure plans, the union and the works council intend to take advantage of the next round of collective bargaining in autumn. Difficult negotiations on the horizon. Lower Saxony’s Prime Minister Stephan Weil has called on Volkswagen to avoid closing its plants, a move that should not be underestimated given that the state of Lower Saxony holds 20 percent of the voting rights in the Volkswagen Group. German Chancellor Olaf Scholz spoke to the management, the chairwoman of the group’s works council and the members of the supervisory board of the German carmaker: the government leader reiterated that he is clear about the importance of Volkswagen as one of the largest companies in the automotive sector and is aware of the transformation challenge that the entire sector is facing. Scholz will follow developments very closely, the spokesman added.
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