Volkswagen’s period of great difficulty is not yet behind it. The confirmation comes directly from Oliver Blume, CEO of the German giant, who in recent days has effectively urged workers at the Emden plant to intensify savings efforts. We recall that Emden is one of Volkswagen’s production plants at risk of closure, as part of a broad restructuring plan. Well, according to Blume, costs are still too high compared to the competition.
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Volkswagen must cut costs more
“This path is not yet finished. Because we don’t just measure ourselves based on our past performance. We also measure ourselves against the best plants in Europe”, Blume’s words to staff reported by Reuters, which cites excerpts from his speech released by the company. The VW CEO then continued: “Today, labor costs are more than double those of European plants we compare ourselves to. And as for production costs, other plants are still significantly cheaper. This is not a criticism, it is the reality we must face”.
Emden always at risk of closure
Blume this week is visiting Volkswagen plants in an attempt to reassure workers and gain support for a series of broad cost-cutting measures. And the CEO of the German company himself described plant closures as a costly last resort. “We will fight for industrial prospects and jobs in our plants, with partners, with investors and with new industrial solutions”, he concluded.
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