π VW CEO faces backlash over mass layoff plans
Volkswagen CEO Oliver Blume addressed over 10,000 workers in Wolfsburg despite public controversy surrounding mass layoffs and factory closures. The meeting took place this week, with reports noting potential job cuts reaching 50,000 and factory closures as a 'last resort.' Blume defended the transformation plan, citing competition from Chinese automakers as a main concern for cost reduction. Labour representatives strongly opposed the scale of changes, maintaining that German factories are integral to the company. The CEO now seeks support for these plans at the supervisory board meeting on September 4. π