Volkswagen CEO Oliver Blume warned on ‌Friday that the car sector's problems would only intensify in the coming years, arguing deep cost cuts were needed to keep Europe's top automaker afloat as it gears up for weeks of crunch talks over a planned revamp.

Blume’s comments, made in an ​internal company memo seen by Reuters, come as Volkswagen is undergoing what is considered to be ​its largest-ever restructuring, possibly ranging from a fresh 50,000 job cuts to the carve-out of some divisions.

  • comrade_twisty@feddit.orgEnglish
    2·
    2 months ago

    Too expensive, he be owed the yearly salary of about 50k workers as a one time compensation package for breach of contract if they let him go.