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Volkswagen CEO's Speech to Workers Drowned Out By Boos After He Says Company 'Isn't Operating in a Fantasy World' (www.latintimes.com)

submitted 3 months ago by MicroWave to c/economics

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Summary

Volkswagen CEO Oliver Blume faced boos from workers during a speech at the Wolfsburg plant as he defended cost-cutting measures, including potential plant closures and job cuts.

Speaking to 20,000 employees amid ongoing union walkouts, Blume emphasized the challenges posed by high manufacturing costs, sluggish EV sales, and competition from China, stressing that the company must adapt to a “rapidly changing environment.”

Unions and workers have been resisting these plans, intensifying tensions since the company announced its restructuring efforts in September.

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[–] over_clox 39 points 3 months ago

Hey babe, another CEO is talking out of his ass, shall I make some popcorn? 🍿