In light of the ongoing cost-saving pressure at Volkswagen, significant cuts are also expected in the automaker’s management. The situation is being carefully examined and a quarter of the jobs will be eliminated, said the group’s CEO, Oliver Blume, in Emden. «All sectors must make their contribution; this is a huge effort that can only be successful if tackled together,” he added. It reports it Dpa.
The savings plan and objectives for 2030
Blume announced in the spring that he was working on a new “2030 strategic plan” for the group and that he wanted to significantly tighten the savings policy. Since then, VW has feared the cuts of tens of thousands more jobs and four entire sites.