For the FIRST time, German car giant Volkswagen to close its home plant due to cost cuts

German car giant Volkswagen is considering factory closures in its home country, for the FIRST time.
 
To a packed hall of 16,000 workers and another 5,000 outside watching on a screen, Arno Antlitz said Europe's car market had shrunk after the pandemic and the company was facing a shortfall in demand of about 500,000 cars, equivalent to about two plants.

Volkswagen has "one, maybe two" years to turn its main car brand around, the automaker's finance chief said on Wednesday (September 4), trying to convince workers at a stormy meeting to back plans for deep cost cuts.

Volkswagen employees at the German carmaker’s Kassel plant said everyone was worried about their job after the management disclosed cost cutting plans.

Powerful worker representatives on Wednesday (September 4) did not rule out staging strikes at Volkswagen in Germany if there is no agreement with management that avoids the closure of plants in the country.

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[lolcatjunior]

Shutting down nulear plants was a mistake. Letting nordsream pipe getting detroyed is another.

[marcusaetius]

Well….. you keep voting in the same inept governments what do you expect?

[chew-lf]

Well done Scholz! Well done! The VW workers should thank Scholz and his Master, the USA. 👍👍👍

[michaele]

Sadly, most EU countries are still in sleep mode.

[Mel_Gerrard]

That's what happens when you're a US puppet state. Same happened to Japan in the early 90s.

[beproudasian]

The price for being the Evil Empire of the United Snakes' puppet!

[Emphasis]

The destruction of the pipeline devastated their economy. It caused a rise in energy costs and made their vehicles non-competitive in many markets.

[hehe-mqbk]

why did Germany allow the NordStream pipeline to be blown up by the US?

[jonnam]

Europe economy esp germany the biggest one, build on cheap Russia gas and china market and they lose both. Germany doesn’t have gut to stand on their feet this just beginning more worse to come

[rhiannonwilliams]

This is the result of being subservient to the USA.

[nyashachimwara]

The saddest part, one line of the nordstream is still fully operational, they just won't swallow their pride and do what's right for their citizens, shame.

[criztaliz]

Learning from UK and US deindustrialization I'm sure drugs problem will follow to shut the spirit of working class

[ric]

To be an enemy is dangerous, to be a friend is fatal.

[rickyliow]

When you lose your job, your home, your dignity, remember to say "thank you" to America.

[bungkusi]

Cheap....
Russian....


To compete

Expensive....
Gas....
Can't....
Compete

[cnn-ie]

That's for kowtowing to America. Instead of working with Russia, Germany go against Russia.

[davidlam]

Germany likes USA gas for 4x the price.

[family_inpartnership]

21st century Germany, is following the footsteps to (precariously) repeat history of Germany post 1917 😸

[nztitirangi]

Energy costs in Germany have gone through the roof. This is why. China energy is 1/5 the cost. Cars are made from energy.

[kenziecampbell]

A shortfall in demand? How about a sharp increase in cost due to the increase in energy cost. That's what happens when your allies blow up your gas pipeline and then ship you LNG at 4 times the cost.