Search
The announcement that Volkswagen CEO Oliver Blume is contemplating the layoff of as many as 100,000 employees has captured widespread attention. This news comes hot on the heels of his celebration of the group's recent sale of its marine engine business for a staggering 10 billion euros. The revelation last week of a plan to divest a majority stake in Evilenz, coupled with a broad-based cost-cutting drive, highlights the formidable competition Volkswagen faces from up-and-coming automakers, as well as the daunting challenges posed by the industry's shift towards electric vehicles. Shackled by these pivotal factors reshaping the automotive landscape, Volkswagen's stock price has plummeted nearly by half since Blume assumed leadership in September 2022.
-
C114 Communication Network -
Communication Home
