Volkswagen Group China

Volkswagen: scraps 30-year agreement with workers, prepares for thousands of redundancies and plant closures

The changes Volkswagen are world-changing, with the German automaker’s leadership team announcing today to labor union leaders that it is ending a 30-year-old agreement that protected workers from layoffs.

Volkswagen is going through the worst period in its history, following the trajectory of the German economy, which is on the brink of recession.

Volkswagen Considers Shutting German Factories for the First Time in 87 Years

Volkswagen is considering the unprecedented step of closing its factories in Germany for the first time in its 87-year history as part of a broader effort to cut costs amidst increasing competition from Chinese electric vehicle manufacturers, CNN and Financial Times report.

Volkswagen has once again Delayed the Opening of its Plants in China

Volkswagen announced on Monday that it has once again postponed the opening date of some of its production facilities in China because of the coronavirus concerns.

The German carmaker said that Saic Volkswagen - the joint venture between Volkswagen and Saic Motor Corp- will resume its activities as early as February 24th.

Volkswagen Is on the Verge of Negotiating a New Turkish Plant

German carmaker Volkswagen is very close to the final decision to build a new plant in Turkey, a company board member told reporters in Berlin today, Reuters reported.

We are in the final stages of negotiations with Turkey, said Andreas Tostmann, a member of the Volkswagen council in charge of production. He expects the talks to be completed within two weeks, and "maybe sooner".

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