Volkswagen Group Investor Relations reposted this
The agreement reached in the collective bargaining negotiations marks an important step on the way to making Volkswagen AG more competitive in Germany. We are truly grateful to our employees for their willingness to reach this agreement—it shows our shared determination to tackle the challenges of today’s competitive environment together. The reduction in labor costs, the decrease in technical production capacity at German Volkswagen plants by about 730,000 units, and the agreed staff reductions provide much-needed cost relief. These measures are essential for securing long-term competitiveness. The real work starts now: We need to step up our efforts to boost efficiency in our German plants and optimize processes to ensure a successful transition to electromobility. Our priority is the consistent implementation of the agreement we’ve reached.
Congrats Arno!
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That’s really great news for Volkswagen in moving forward! Congratulations to getting this done!
Reaching this agreement is a crucial milestone. How do you envision optimizing processes to enhance efficiency during the transition to electromobility?
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Arno Antlitz If you are able to save this automotive crisis Trust me You will be the most remembered CFO in the world.More power to You and best of luck 🤞.
What will be the contribution of management? You haven't read anything about it yet.
Cost of electricity must come down in Germany. How will you solve that?
Arno Antlitz Reducing production by 730,000 units WITHOUT closing one or two major plants will NOT REDUCE cost significantly. And you know this… It is a good start, but not the final solution. You will have to sit together with all parties involved again, sooner than you may believe.
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2moFantastic update