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To what extent will Volkswagen shift departments abroad by the end of 2025?
2
Resolution / Starting Odds
Multiple departments shifted abroad • 25%
Single department shifted abroad • 25%
No departments shifted abroad • 25%
Plans to shift but no execution • 25%
Official announcements from Volkswagen or major news outlets
Story
Volkswagen Plans 10% Wage Cut, Close Three Factories in Germany to Save €4 Billion
Oct 28, 2024, 10:17 AM
Volkswagen is considering significant cost-cutting measures, including a 10% wage cut and a two-year wage freeze, to save €4 billion. The company plans to close at least three factories in Germany, including the Osnabrueck plant, and downsize all remaining plants, which could result in tens of thousands of job losses. The measures also include capping bonuses for top executives and outsourcing or shifting entire departments abroad. Volkswagen's Works Council has expressed strong opposition, with workers rallying at German car plants and calling for a government plan to kickstart electric mobility.
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All planned closures and wage cuts implemented • 25%
Some closures and wage cuts implemented • 25%
No closures but wage cuts implemented • 25%
No closures or wage cuts implemented • 25%
Increase in EV production • 25%
No change in EV production • 25%
Decrease in EV production • 25%
Other • 25%
Wage cuts implemented • 25%
Plant closures executed • 25%
Forced layoffs conducted • 25%
None of the above • 25%
None • 25%
One • 25%
Two • 25%
Three or more • 25%
Less than 1 billion euros • 25%
1 to 3 billion euros • 25%
3 to 5 billion euros • 25%
More than 5 billion euros • 25%
No reduction • 25%
Less than 100,000 units • 25%
100,000 to 300,000 units • 25%
More than 300,000 units • 25%
No closures • 25%
One closure • 25%
Two closures • 25%
Three or more closures • 25%
Yes • 50%
No • 50%
Close one factory • 25%
Close two factories • 25%
No closures • 25%
Other • 25%