Job Market Monitor
Volkswagen
MAN SE (Volkswagen) – To cut 1,800 jobs
Germany’s MAN SE plans to cut around 1,800 jobs at its main trucks division as the Volkswagen-owned (VOWG_p.DE) company slims operations to lower costs and revive profit, two people familiar with the situation said on Wednesday. The job cuts will affect 1,400 white-collar employees and 400 staff in production, the people said. MAN Truck & … Continue reading
Volkswagen in Russia – To cut working hours and jobs
Volkswagen (VOWG_p.DE) will reduce shifts and lay off at least 150 workers at its Russian car plant, the German car producer said on Monday, to try to cut costs in a market downturn. via Volkswagen to cut working hours, jobs at Russian plant | Reuters.
Volkswagen in China – Aims to create about 5,500 new jobs at its new component plant
Located in the Tianjin Economic Technological Development Area (TEDA) in North-East China, the plant is the 107th of the Volkswagen Group and has been built at an initial investment of 265 million (RMB 2.2 billion) to boost economic activity in Northern China. By 2019, it aims to create about 5,500 new jobs in the region. … Continue reading
Volkswagen / New plant in southern China will offer 6,500 skilled jobs
German auto giant Volkswagen AG on Wednesday opened a new plant that aims to produce 300,000 cars annually in Foshan city in the southern Chinese province of Guangdong. Continue reading
Europe / Carmakers warn of more layoffs
European carmakers need to close more factories and cut more jobs, executives at the Frankfurt car show said on Tuesday, warning any recovery in demand was likely to be long and slow as unemployment remained high and bank lending weak. Continue reading
Volkswagen – 1 billion euros investment in Russia
Germany’s Volkswagen (VOWG_p.DE) said on Wednesday it is aiming to invest a total of one billion euros ($1.25 billion) in Russia by 2018, initially expanding by building an engine plant in Kaluga. Volkswagen will invest 250 million euros in the construction of the plant in Kaluga, a town some 190 km (118 miles) south-east of … Continue reading
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