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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 1 day ago by [email protected] to c/[email protected]

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The carmaker has been in heated discussions with unions after announcing this fall that it would have to take drastic measures to cut costs

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[–] [email protected] 109 points 1 day ago (10 children)

Volkswagen: “We’re making €18 billion this year, so naturally, it’s time to slash jobs and squeeze the people actually keeping the company running.”

Meanwhile, the execs are over here stacking 15-25% raises every year like it’s Monopoly money. But sure, cutting worker salaries by 10% will totally boost morale. Nothing says “we value you” like a kick in the wallet.

[–] fluckx 13 points 17 hours ago* (last edited 17 hours ago)

Sounds like my previous company.

We're expecting our revenue next quarter to be between -2% and +2% compared to this quarter. As a result we will not be giving anybody a raise and there will only be an absolute minimum of promotions. In other news we made all our targets this year, have a 8% growth and will be raising the bar on all targets for next year.

And they asked my why I quit.

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