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The Volkswagen supervisory board approved a restructuring plan involving 50,000 job cuts globally and a reduction in models. Several state premiers are advocating for the preservation of their VW plants, which are considered uncompetitive and may explore alternative uses.
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Germany's Labour Minister Bas is calling on Volkswagen to maintain its German production sites in Neckarsulm, Hanover, Emden, and Zwickau. While the federal government welcomes a cost-saving plan, it vaguely hopes for sustainable solutions. A state premier estimates up to 25,000 jobs in Germany are at risk.
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The Supervisory Board and Management Board of Volkswagen have reached an agreement on cost-saving plans. Sophie Mühlmann from NDR reports on the agreement.
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Volkswagen and its stakeholders reached a last-minute agreement on a savings package that had planned to close five plants and eliminate 60,000 jobs. The agreement, reached after intensive negotiations, prevents an existential crisis for the company.
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Afghan pop icon Aryana Sayeed is holding a Europe tour exclusively for women to raise awareness about the oppression of women and girls in Afghanistan by the Taliban. The concerts will take place in Rotterdam, Stockholm, Hamburg, and Wiesbaden.
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Statutory health insurance doctors warn of staff layoffs and patient consequences due to planned savings of three billion euros in outpatient care. An action in Berlin is being organized by influencer Bea Merscher.
Companies & MarketsWork & CareerIndustry & Production
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Volkswagen plans to cut an additional 50,000 jobs, on top of existing reductions. The future of four plants remains uncertain as competitive follow-up assignments cannot be guaranteed there from 2031. The stock market reacted positively to the agreement.
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47% of Gen Z in the UK (aged 18-27) are not considering their retirement, and 12% have stopped saving for it entirely. Many young people feel unable to afford retirement due to the cost of living crisis, stagnant wages, and uncertainty.
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Luxembourg offers the highest teacher salaries in the EU, with starting pay between €55,000 and €62,000. Slovakia, the Czech Republic, and Hungary have the lowest top salaries.
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