Volkswagen
Volkswagen's 23,000 workers in Spain spared from job cuts for now
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Volkswagen's supervisory board rejected the company's most radical job-cut plan on Thursday, providing short-term relief to the group's Spanish plants.
Volkswagen is considering a radical reduction of up to 100,000 jobs worldwide. This emerges from internal plans presented by CEO Oliver Blume to the board.
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Volkswagen's supervisory board will review on July 9 a plan to double job cuts to 100,000 positions and close four factories in Germany. Spanish plants remain unaffected due to investments in electric vehicles.
A recent article highlights ten European classic cars known for their reliability and ease of upkeep, challenging the notion that vintage vehicles require constant repairs. These models combine historical charm with practical maintenance, appealing to enthusiasts and collectors alike.
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VW's works council is demanding a recognition premium for all tariff employees after the company revised its 2025 cash flow upward to six billion euros. Works council chair Daniela Cavallo justifies this with the workforce's joint cost discipline. The premium could be paid out in May 2026.