Volkswagen: the restructuring plan remains vague

In the official statement published after the meeting which took place on the afternoon of 20 April, the company was happy to stress that the board of directors “asked management to start negotiations with IG Metall and employee representatives“, adding that Volkswagen’s situation was to improve. To increase productivity and to reduce over-capacities, the first European manufacturer must reduce its size. In the foreground, VW, the headlight brand of the group, is notably affected by very...