Workers are pushing back against Volkswagen’s proposals for wage cuts and potential plant closures, which the automaker deems necessary to address declining demand in Europe and rising competition from low-cost Asian rivals.
Volkswagen CEO Oliver Blume has defended the company’s cost-cutting measures, arguing that they are essential for adapting to industry changes. VW management cannot operate in a “fantasy world," Blume said, emphasizing the need to reduce overcapacity and high operating costs in Germany.
Sadly,very few are prepared to pay for quality anymore.And people generally don't give toss about China taking over the world.
ReplyDeleteI think the Billions that the US fedgov demanded that VW pay, is a huge factor in this.
ReplyDeleteif Id been VW, I would have just told the fedgov to pound sand, and refused to pay the $8 Billion or whatever it was.