- 10h ago
Volkswagen reportedly plans pay freeze until 2030 for many of its staff
Süddeutsche Zeitung reports, citing internal documents, that the group wants to hold pay flat for many staff until 2030, with up to 10% real income loss and four German plants on the brink.
- Sep 30
Volkswagen terminates 10 labor agreements and seeks longer hours to cut German wage costs
Volkswagen has terminated ten collective bargaining agreements in Germany, including its core framework deal, as chief executive Oliver Blume pushes to extend working hours without wage compensation.
- Sep 5
Volkswagen approves restructuring plan to cut 100,000 jobs and phase out vehicle output at four German plants
The German automaker will eliminate approximately 100,000 positions globally and end car assembly across four domestic factories by 2034, reallocating vehicle lines to Central European plants.
- Aug 23
Volkswagen agrees to 100,000 job cuts and plant reviews under 2030 restructuring plan
The supervisory board approved a turnaround plan targeting a 9% operating margin by 2030, putting four German factories under review and halving the company model range by 2035.
- Aug 3
Saxony's initiation pranks for apprentices: air hooks and cancellation pliers are a thing of the past
As thousands of young people begin apprenticeships in Saxony, the old custom of sending newcomers to fetch imaginary items like 'air hooks' and 'cancellation pliers' has all but vanished, replaced by a welcoming culture 'at eye level'.
- Jul 24
Volkswagen profit drops 32.9% in Q2 as China sales collapse; group cuts full-year revenue forecast and plans up to 50,000 more job cuts
Net income fell to €1.54 billion in the second quarter, down from €2.29 billion a year earlier, while deliveries in China tumbled more than a third to 424,300 vehicles.
- Jun 26
Volkswagen plans 100,000 job cuts and closure of four German plants in deepest overhaul in its 89-year history
Europe's largest carmaker weighs a radical restructuring that would double earlier cut targets, break a union pact, and shrink production capacity to 9 million vehicles a year.
- May 26
Saxon Summer Theatres Unveil Open-Air Season with Shakespeare, Rock Opera, and New Stages
From a town hall balcony to a former slaughterhouse, theatres across Saxony are transforming unconventional spaces into stages for a diverse summer programme featuring Shakespeare, a rock opera, and family adventures.
