5 November 2024

Automotive - Volkswagen plans German factory closures

Carmaker Volkswagen is planning to shut at least three factories in Germany and cut pay by 10%, according to its union leader, reported by Reuters. By Leatherbiz.

Europe’s biggest carmaker has been negotiating with unions over plans to cut costs.

Daniela Cavallo, Volkswagen’s works council head, said: “This is the plan of Germany’s largest industrial group to start the sell-off in its home country of Germany.”

The group said it faces pressure from high energy and labour costs, Asian competition, weakening demand in Europe and China and a slower-than-expected electric transition.

In the first nine months of this year, Volkswagen delivered 6.52 million vehicles, down 2.8% on the previous year. Growth in North America (+7%) and South America (+15%) was offset by declines in Western Europe (-1%) and China (-10%).

关于亚太区皮革展 ​

我们为皮革、物料及时装业界创造面对面洽谈的机会,为客户缔造实质商机。我们云集世界各地的商家,让他们寻找新的合作伙伴,发掘潜在客户或供应商,并掌握业界最新发展。

 

我们主办多个专注时尚及生活潮流的商贸展览会, 为这不断变化的行业,提供最全面的买家及参展商服务,方便他们了解急速转变的行业环境,并预测来季趋势。

社交媒体:​

联络我们: