Volkswagen due to announce on 19 April the greatest job cut of its history

Publication

15 April 2006 à 16h03

Updated on 24 March 2013 à 17h09

Reading time

2 minutes

Publication: 15 April 2006 à 16h03, Updated on 24 March 2013 à 17h09

Reading time: 2 minutes

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According to the German weekly magazine Focus (15-04), the car manufacturer Volkswagen is about to announce a restructuring plan containing more than 20000 job cuts and an increase of working hours without wage compensation. (Ref. 06374)
Publication

15 April 2006 à 16h03

Updated on 24 March 2013 à 17h09

Reading time

2 minutes

Publication: 15 April 2006 à 16h03, Updated on 24 March 2013 à 17h09

Reading time: 2 minutes

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This plan should be presented next April the 19th at the group’s board of directors by the chairman of Volkswagen, Wolfgang Bernhard. The objective is to increase over several years the length of the work week, from 28.8 hours to 35 hours, without wage compensation. Consequently, more than 20000 jobs should be cut because of this longer work week. This is close to a fifth of the manufacturer’s German staff. Nearly 5000 jobs are threatened on the historic site of Wolfsburg, that is to say...

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