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Volkswagen: Difference between revisions
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=== Volkswagen Passenger Cars === | === Volkswagen Passenger Cars === | ||
November 24, 2023: Volkswagen plans to achieve the benefits of its cost savings efforts as early as 2024. “As early as next year, we plan to achieve an impact of more than 10 billion euros for the group through our brands’ performance programs,” CEO Oliver Blume told the “Frankfurter Allgemeine Zeitung”. However, direct impacts on the result are not expected until 2025 but should help offset the burdens next year. “2024 will be a very challenging year economically,” he said. “The goal is to manage the group stably so that we can get started from 2025.” Blume pointed out that the cost-savings program will include staff reduction. “In order to increase our efficiency, it is also about reducing staff,” he said. “We use socially acceptable instruments such as the demographic curve or regulations for partial retirement.” Details on the employee reductions are expected later this year<ref>https://www.automobilwoche.de/agenturmeldungen/sparprogramm-bei-volkswagen-oliver-blume-nennt-effizienz-ziel-fur-2024</ref>. | |||
November 13, 2023: According to Handelsblatt, Volkswagen could cut a fifth of its administrative personnel jobs as part of its cost-cutting initiative to save 10 billion euros by 2026. Volkswagen Group employs 40,000 administrative personnel. Volkswagen hasn't commented on the Handelsblatt report<ref>https://finance.yahoo.com/news/volkswagen-cost-cutting-may-administrative-055939573.html</ref>. | November 13, 2023: According to Handelsblatt, Volkswagen could cut a fifth of its administrative personnel jobs as part of its cost-cutting initiative to save 10 billion euros by 2026. Volkswagen Group employs 40,000 administrative personnel. Volkswagen hasn't commented on the Handelsblatt report<ref>https://finance.yahoo.com/news/volkswagen-cost-cutting-may-administrative-055939573.html</ref>. | ||