Europe’s biggest automaker Volkswagen to sack 100,000 workers
Volkswagen, Europe’s biggest automaker, is planning to sack 100,000 of its workers over the next few years.
The automaker is planning to cut 15 per cent of its global workforce, Manager Magazin, a German business magazine, reported on Friday.
“Volkswagen plans to cut up to 100,000 jobs,” the report stated.
The automaker is also planning to shut down four of its German plants, a move that would result in massive job cuts.
“Volkswagen CEO Oliver Blume is getting serious. He plans to drastically intensify job cuts, actually phase out production at four German plants and spin off the VW brand into a new company. Volkswagen is to become a new company,” the report stated.
Mr Blume presented the proposed job cuts to senior executives earlier this week.
Volkswagen has about 660,000 employees worldwide. The automaker had already announced plans to cut 50,000 jobs in Germany by 2030.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Navy uncovers 43,000 litres of illegally refined petroleum products in Rivers
The navy said the illegal refining infrastructure was subsequently dismantled.
Heading 3
CAN, NUT hail release of abducted Oyo pupils, teachers after 56 days in bandits’ custody
The Oyo State chapter of the Christian Association of Nigeria described the release of the pupils and teachers an act of God’s faithfulness and mercy.
Abuja
Police rescue four kidnap victims after gun battle with Abuja kidnappers
Ms Adeh said the FCT Commissioner of Police, Ahmed Sanusi, pledged to ensure that those responsible for the heinous act would be arrested and brought to justice.
States
Ex-Edo governor Oshiomhole mourns Archbishop Augustine Akubueze
Mr Oshiomhole described the late cleric as a courageous witness to the gospel, a compassionate shepherd and a humble servant of God.
World
I already ordered U.S. forces to destroy Iran if I’m assassinated: Trump
Mr Trump’s statement followed Israel’s intelligence revealing Iran’s plot to assassinate the American president.
Heading 2
One dies, seven injured as Gombe assembly complex collapses
Mr Danladi quoted Mr Yahaya as saying appropriate measures would be taken in line with the outcome of the investigation and applicable standards.
