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Volkswagen has said it may need to close plants in Germany for the first time in its 87-year history. In October, it also said employee pay would need to be cut by 10% to make the company more ...
Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers.
The Volkswagen Act is a set of German (originally West German) federal laws enacted in 1960, regulating the privatization of Volkswagenwerk GmbH into the Volkswagen Group. [1] In order to maintain government control in the privately owned company, it stipulated that the votes in major shareholder meeting resolutions require 4/5th (80% ...
Germany had committed €9.9 billion ($10.9 billion) to the project when it was announced in June last year. A representative for Intel didn’t immediately respond to a request for comment.
Speech Location 2000 First inauguration of Vladimir Putin: Grand Kremlin Palace, Moscow. 2004 Second inauguration of Vladimir Putin: Grand Kremlin Palace, Moscow. 2007 Munich speech of Vladimir Putin: Munich Security Conference, Munich, Germany: 2012 Third inauguration of Vladimir Putin: Grand Kremlin Palace, Moscow. 2014 Crimean speech of ...
Volkswagen employee representatives say workers should not bear the brunt of management’s failure to produce appealing products
It also linked Scholz's new defence agenda to a new energy policy that could see Germany become less dependent on Russian gas, a scenario it described as "one of Vladimir Putin's biggest [potential] regrets". [14] The term Zeitenwende became a political catchphrase in the aftermath of the speech [15] and was chosen the German word of the year ...
The governor of Germany's Lower Saxony region, Stephan Weil, who sits on the company's board of directors, agreed the company needed to take action but called on Volkswagen to avoid plant closings by relying on alternative ways to reduce costs: “The state government will pay particularly close attention to that,” he said in a statement ...