Volkswagen is trying to implement a comprehensive cost-cutting programme with up to 100,000 job losses, double the amount previously planned, by 2030 and the potential contraction or closure of several plants.
Volkswagen is trying to implement a comprehensive cost-cutting programme with up to 100,000 job losses, double the amount previously planned, by 2030 and the potential contraction or closure of several plants.
China is not the threat since Germany can always impose tariffs. As the article points out, benefits to workers are too high. Germany must explore other industries besides car manufacturing. This is where it’s important for Germany to encourage immigrants with talent to study and work there. The AfD will exploit the warnings of job collapse to gain power. Hitler rose to power when the democratic Weimar Republic couldn’t control inflation.
This! Our industry is far too dependent on the car market. Car ownership is going down and people don’t need to buy new cars all the time. The market is saturated. When I look around, everybody is driving a relatively new car that won’t have to be replaced for years. It’s just not a growth industry - and by the love of god, it shouldn’t be one.