Business · Economy · 7 hrs ago
VW chief calls for stronger conditions for European businesses
Volkswagen chief executive Oliver Blume called for stronger political support for businesses in Europe at an event in Paris.
He said companies must become more competitive and offer attractive products, while governments set suitable conditions.
Blume described this as a shared responsibility.
Volkswagen is already carrying out what it calls the biggest transformation programme in its history.
The car industry’s crisis is putting pressure on Europe’s largest carmaker.
Volkswagen’s board plans to save billions and cut 50,000 jobs worldwide in the coming years, with about half of the cuts in Germany.
The company has not said how many cuts will be at Volkswagen itself rather than other group brands, and the future of several German plants remains uncertain.
Volkswagen chief executive Oliver Blume called for better political conditions for businesses in Europe.
He said companies must become more competitive and offer attractive products, while politicians must set the right conditions.
Blume described the changes as a shared task and said Volkswagen was already pursuing the biggest transformation programme in its history.
The company plans to save billions of euros and cut 50,000 jobs worldwide in the coming years.
About half of the planned job cuts are expected to be in Germany.
- Who
- Volkswagen chief executive Oliver Blume.
- What
- He called for better political conditions for European businesses and greater competitiveness.
- When
- At an event in Paris; the date of the event is not stated.
- Where
- Paris.
- Why
- To make businesses more competitive and support Europe’s structural change.
This story does not have two clearly opposing sides.
The economy must become more competitive and create attractive offers, while politicians must set the right conditions.
Europe's future lies in our common hands.
This story does not have a timeline yet.
- Speaker
- Oliver Blume
- Event location
- Paris
- Transformation programme
- Volkswagen's biggest in its history
- Planned job cuts
- 50,000 worldwide in the coming years
- Planned cuts in Germany
- About half of the 50,000 jobs
Sources
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