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The VW supervisory board is set to deliberate on aggressive cost-reduction plans and potential factory shutdowns, though deep internal disagreements continue to block any immediate compromise.
A meeting of Volkswagen's supervisory board concluded without clear decisions on cost-saving plans, which include proposals to reduce the model range by up to 50 percent and equipment options by up to 75 percent, with no mention of potential job cuts or plant closures.
Hans Dieter Pötsch, Chairman of the VW Supervisory Board, and DIHK President Peter Adrian criticized an expanding state and the increasing stigmatization of entrepreneurship. Pötsch stated that more qualified workers should not be moving into public service.
Lower Saxony's Minister President and VW supervisory board member Olaf Lies has demanded a viable long-term strategy from management, rejecting mass dismissals as a solution to the company's financial challenges.
A member of Volkswagen's supervisory board has stated that factory closures are not a viable future strategy, even as four plants in Germany are threatened with closure and approximately 100,000 jobs are slated to be cut worldwide.
Following a VW supervisory board meeting, the works council has issued an ultimatum to CEO Blume, demanding an unequivocal statement on the company's savings plans, which reportedly could affect up to 120,000 jobs.
Susanne Wiegand has resigned from the Volkswagen supervisory board, a move described as a 'very negative signal' regarding the company's corporate governance. Her departure marks a significant change in the leadership structure.