Frank Witter The chief financial officer of the VW Group defends the austerity measures. (Photo: Bloomberg) DusseldorfVolkswagen– Workers need to get up a sustained savings pressure in the company to adjust. The Group’s CFO expects stronger cooperation from the subsidiaries. “We are not in normal mode,” said VWBoard member Frank Witter talking to Handelsblatt. The… Continue reading Interview with Frank Witter: VW CFO defends austerity plan: “We are not in normal mode”
Author: Handelsblatt in German Online News
Frank Witter in an interview: VW CFO defends austerity measures: “Have not used possible synergies optimally”
Frank Witter The chief financial officer of the VW Group defends the austerity measures. (Photo: Bloomberg) DusseldorfVolkswagen– Workers need to get up a sustained savings pressure in the company to adjust. The Group’s CFO expects stronger cooperation from the subsidiaries. “We are not in normal mode,” said VWBoard member Frank Witter talking to Handelsblatt. The… Continue reading Frank Witter in an interview: VW CFO defends austerity measures: “Have not used possible synergies optimally”
Employee representation: VW works council considers new plant in Eastern Europe unnecessary
Volkswagen VW is examining ten properties in Romania, Serbia, Bulgaria and Turkey for a new plant. (Photo: Reuters) BerlinThe Group Works Council “Bild am Sonntag” wants to prevent the construction of the planned new plant in Eastern Europe. As the newspaper reports, the employee representatives want to vote against the project at the decisive meeting… Continue reading Employee representation: VW works council considers new plant in Eastern Europe unnecessary
+++ Newsblog +++: Continental, Post, Vonovia – an overview of the business figures of large companies
Editorial Editorial Newest first Oldest ones first Highlights Show new post Show new posts No contribution available 07.03.2019 – 09:28 Lars Ophüls The flood of balance sheets also marks the start of trading on the stock market. One of the biggest losers is Axel Springer with a price drop of five percent. Analysts were disappointed… Continue reading +++ Newsblog +++: Continental, Post, Vonovia – an overview of the business figures of large companies
Auto parts supplier: Continental pays less bonus to employees
Continental The auto parts supplier had a rather weak year. (Photo: AP) HannoverThe automotive supplier and tire manufacturer Continental showered less success rates to its employees, For the financial year 2018, the employees should work in Germany each received about 750 euros, the company said on Wednesday in Hannover. Total pays the DaxGroup 150 million… Continue reading Auto parts supplier: Continental pays less bonus to employees
Dax aktuell: Dax starts slightly weaker – Daimler under pressure
Dax panel Also on Ash Wednesday bank stocks remain under surveillance. (Photo: AP) FrankfurtAt Ash Wednesday, equity investors are starting to take a slow approach at the Frankfurt Stock Exchange: the German leading index starts slightly lower at 11,593 points. On Tuesday evening had the Dax closed at 11,621 points and a slight gain of… Continue reading Dax aktuell: Dax starts slightly weaker – Daimler under pressure
Auto parts supplier: Schaeffler increases conversion speed and wants to delete 900 jobs
Assembly in the Schweinfurt factory The European plants are to be rearranged, small parts of the business to be sold. (Photo: Bloomberg) MunichThe pressure on the SchaefflerGroup comes from two sides: On the one hand, the automotive supplier like many competitors suffers from the weak economy in the automotive industry. Last year, the family-owned company… Continue reading Auto parts supplier: Schaeffler increases conversion speed and wants to delete 900 jobs
Schaeffler CEO Klaus Rosenfeld: “Five European locations are being put to the test”
Klaus Rosenfeld “We want to avoid redundancies due to operating conditions.” (Photo: AP) The industry is weakening, margins continue to crumble: the SchaefflerCorporation wants to accelerate its transformation with a new corporate program, In doing so, five plants in Europe will be put to the disposition. In addition, investments should be geared even more towards… Continue reading Schaeffler CEO Klaus Rosenfeld: “Five European locations are being put to the test”
Norwegian sovereign wealth fund: The world’s largest oil fund has halved its stake in Volkswagen
Stockholm, DusseldorfThe world’s largest oil fund out Norway has his stake in Volkswagen halved last year. As from the list published on Wednesday about all holdings of the world largest sovereign wealth fund shows this end of 2017 VWShares valued at eleven billion kroner (1.1 billion euros). At the end of last year, there were… Continue reading Norwegian sovereign wealth fund: The world’s largest oil fund has halved its stake in Volkswagen
Cooperation with Gaz: Why VW is on hold in Russia
Production at Gaz The Wolfsburg VW Group would like to expand its cooperation with the Russian truck partner Gaz. (Photo: Bloomberg / Getty Images) MoscowVW gets impatient: The car company is waiting for the end of negotiations between the US government and Representatives of the Russian oligarch Oleg Deripaska on the lifting of sanctions against… Continue reading Cooperation with Gaz: Why VW is on hold in Russia