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The Economic Times
The Economic Times

Volkswagen workers to grill CEO on overhaul threatening 140,000 jobs, works council says

The works ​council of German carmaker Volkswagen said on Friday it will host extraordinary staff assemblies in August ‌with ⁠CEO Oliver ⁠Blume, giving workers the opportunity to grill ​him on plans threatening up to 140,000 jobs.

Blume ​will attend meetings with staff at the company headquarters in Wolfsburg on August ​25, and the ⁠plants in ‌Emden and Zwickau on August ​26, ​the works council said in ⁠an update to staff seen by Reuters.

Also Read: Volvo Cars sees declining sales in 'challenging' environment

Emden ​and Zwickau are two of ​the four plants faced with closure in the coming years if no alternative is found.

Volkswagen could axe another 50,000 jobs on ‌top of 50,000 job cuts already under way in order to ​become ​competitive on costs, ⁠Blume has said.

Also Read: China's oil imports have plunged during the Iran war. How much will they recover?

The threatened plant closures after 2030 endanger another 40,000 jobs, the works ​council said.

A Volkswagen spokesperson said there were currently no agreements and therefore declined to comment on the figure.

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