Reported about 1 month ago
Volkswagen's CEO Oliver Blume is shifting from a peacemaker role to confronting powerful labor unions in Germany as he seeks to implement significant changes, including the potential closure of plants and the scrapping of a long-standing job security scheme. This move comes in response to the challenges posed by high labor costs and intensifying competition, particularly from Chinese automakers, amid a critical financial development phase for the company.
Source: YAHOO