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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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The Saxony-Anhalt state election could cause a political earthquake with the AfD potentially securing over 40 percent of the vote. This could break the taboo of a far-right party in a state government and intensify debates on migration, climate policy, and Ukraine, complicating the EU's dealings with Germany.
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Ten members of the Bündnis Sahra Wagenknecht (BSW) party have resigned in Thuringia. This development could lead to a renaming of the party.
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The state election in Saxony-Anhalt could challenge Chancellor Friedrich Merz as the AfD leads in polls. An AfD absolute majority is not ruled out and could plunge the federal government into crisis. Experts warn of risks with a potential AfD state government.
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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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Thuringian MPs of the Alliance Sahra Wagenknecht (BSW) have left the party. The former state chairwoman Wolf cited enduring "flirtations with right-wing radicals" as the reason, alluding to party founder Wagenknecht's demands to withdraw support for the CDU-led government in Thuringia.
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