Volkswagen

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
10,000 jobs
Number of planned job losses
Job loss
Announcement Date
5 September 2005
Employment effect (start)
1 October 2005
Foreseen end date
31 December 2007

Description

Volkswagen, Europe's largest producer of cars, is suffering from overcapacity and is therefore planning to cut 14,000 jobs at its operations in Europe. 10,000 jobs will be shed in Germany alone. However, there shall be no direct dismissals, workers will be offered early retirement or a compensation.

Sources

  • 6 September 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), Volkswagen, Internal restructuring in Germany, factsheet number 62198, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62198.