- Volkswagen cost-saving initiative – expert assistance to commence in October
A forthcoming assistance program for Volkswagen workers is set to launch in October, as per news articles. Dubbed the "Perspective Workshop," this service aims to aid employees whose positions may be impacted by financial cutbacks and digitalization. Data from the "Neue Presse" and "Hannoversche Allgemeine Zeitung" detail that external consultants will provide these workers with aid. The program will be available at all German branches, as per reports.
The "Perspective Workshop" intends to provide employees who have been laid off with "specific assistance in establishing a fresh internal or external job perspective," a Volkswagen representative informed the publications. This will encompass extensive consulting, placement, and training services.
Recently, it was disclosed that Europe's leading automaker necessitates intensifying budget reductions within the VW brand's core operations. A deficit of 2 to 3 billion euros is present in the anticipated outcomes, as per a "Handelsblatt" report. The tightened financial constraints will also be part of the upcoming management meeting of the core brand in Isenbüttel near Wolfsburg, set for next Monday, as per German Press Agency information. Previous reports have suggested savings in areas like materials and fixed costs, as well as through termination payouts and early retirement. The corporation has firmly stated against forced layoffs.
The "Perspective Workshop" will be conducted at The Hanover's Volkswagen branch, just as it will at all other German locations. After being affected by the company's budget reductions, employees from The Hanover can utilize the workshop's services to explore new job prospects.
