The Supervisory Board of Volkswagen has greenlit an ambitious adjustment plan that foresees the elimination of 50,000 jobs. This adjustment is part of the 'Future Plan 2030', which aims to transform and make the company more competitive.
The Supervisory Board of the Volkswagen Group approved on Thursday an adjustment plan that includes eliminating 50,000 jobs in the coming years, according to information reported by expansión.com. This plan is part of the so-called Future Plan 2030, which aims to improve the efficiency and competitiveness of the automotive group.
The adjustment affects various brands within the group, including VW, Audi, Porsche, and Seat. However, it has not yet been specified whether the Spanish brand will be directly affected. Four plants in Germany, located in Emden, Zwickau, Hannover, and Neckarsulm, are at risk of closure, although alternative uses are being explored.
The group has stated that, due to increasing competitive pressure and the technological transformation of the sector, it is crucial to adjust personnel capacities to the current economic reality. According to the statement, this plan is expected to include twelve initiatives aimed at making the brands more competitive.
The CEO, Oliver Blume, indicated that billions will be invested to make the brands even more attractive and robust. Additionally, the company plans to reduce its model range by 50% and expects to achieve an operating margin on sales of 9% by 2030, which translates to an operating result of approximately 31 billion euros.
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