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#volkswagen · How AI Is Reshaping Work

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Volkswagen's Profit Warning Landed the Same Day Workers Marched AI & Jobs

Volkswagen's Profit Warning Landed the Same Day Workers Marched

Volkswagen slashed its full-year profit guidance on September 21 and booked a nearly €6B Porsche writedown, sending both stocks lower. The same day, Germany's IG Metall union staged protests at more than 280 sites, with the works council chief saying 「the battle over how to share the burden has already begun.」

#volkswagen#layoffs#manufacturing
VW Board Approves 50,000 More Job Cuts, Doubling Its 2024 Total AI & Jobs

VW Board Approves 50,000 More Job Cuts, Doubling Its 2024 Total

Volkswagen's supervisory board approved 50,000 additional job cuts on September 3, doubling the total workforce reduction across the group since a 2024 deal with IG Metall. The trigger: falling China sales, high German costs, and BYD's expansion into Europe.

#volkswagen#layoffs#manufacturing