Story · Volkswagen
Volkswagen Declares War on Workforce: CEO Blume Pursues Maximum Confrontation
Volkswagen CEO Oliver Blume is pursuing a strategy of maximum confrontation with the workforce, aiming to shrink the company and raise profit margins from under 3% to 8-10%. Plant closures and up to 100,000 job cuts are reportedly on the table. The IG Metall union and works council are preparing for what they call the largest defensive battle in the company's history. Extraordinary works meetings are scheduled for late August at nine plants. The article highlights broader German economic challenges including global uncertainty, US tariff policy, high energy costs, and Chinese competition. VW employs 284,000 people in Germany and 622,900 worldwide. The works council has described Blume's plans as 'brutal.'
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