Half a year after the agreement between management and the works council, Volkswagen publishes a first intermediate status for the job cuts. With around 20,000 employees, according to the group, contracts for a voluntary resignation from the company have already been concluded. A few thousand have already left VW, which indicates that the board around CEO Oliver Blume keeps the pressure high and ensures that the words also follow acts. However, it is far from saying whether the incisions are enough. In Europe, fragilic demand for electric cars attracts the demand for electric cars. These are good news for locations such as Zwickau, which have been completely switched to e-mobility and are particularly under pressure. However, the demand shear appears fragile and worn by fleet customers, while private car buyers continue their fingers in Germany. VW is still there with too high costs. And despite the progress, there is still a significant gap in the plan to reduce around 35,000 jobs by 2030. There, the management will soon take the weak combustion model Golf and initiate a conversion that will keep the headquarters with its 65,000 employees in the offices and on the lines for years. After the many project shifts of the past years, it would be a surprise if the group adheres to this schedule. In the entire VW group, the investments should also decrease, although the weaker start-up of electromobility in many markets is required again to keep the combustion models attractive for longer. All of this is like a squaring of the circle. It is quite possible that VW and IG Metall will soon have to renegotiate again.
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