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The big bang in the Volkswagen supervisory board did not materialize. The supervisory board surprisingly and quietly waved through the restructuring plan. It has substance.
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.
Volkswagen’s supervisory board has approved a major restructuring plan that will eliminate up to 100,000 positions globally by the end of the decade, alongside potential closures of German manufacturing plants and a strategic shift of production capacity.
The Volkswagen supervisory board is meeting to discuss the future of the Wolfsburg-based group, with tens of thousands of jobs globally reportedly at risk.