Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.1 - Manufacture of motor vehicles

16,500 jobs
Number of planned job losses
Job loss
Announcement Date
2 March 2009
Employment effect (start)
2 March 2009
Foreseen end date
31 December 2009

Description

On 2 March 2009, the German car producer Volkswagen announced that it is to cut all 16,500 jobs for temporary agency workers worldwide. The job reduction is to be completed by the end of 2009. The job cuts are attributed to the drop in demand.


Sources

  • 2 March 2009: Handelsblatt

Citation

Eurofound (2009), Volkswagen, Internal restructuring in World, factsheet number 68465, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68465.