Volkswagen could close certain factories if their productivity does not increase. The statements come from Volkswagen’s chief financial officer, Arno Antlitz.
Despite the fact that the company’s parties have reached an agreement, and Volkswagen has decided that it will not close factories in Germany, the danger does not seem to have completely disappeared. right ReutersVolkswagen CFO Arno Antlitz said in comments to investors that the next step to make its German plants competitive is to improve productivity by increasing the number of cars produced per worker.
CFO Arno Antlitz, speaking to investors in New York on Tuesday, said the cost-cutting deal struck with unions last December addressed the automaker’s problems with high labor costs and underutilization of capacity.
Volkswagen wants to increase car production per worker
The agreement was attached to clear and measurable benchmarks, and new measures would be developed if the targets were not met, Antlitz added, without specifying what the benchmarks were. However, increasing productivity was the third decisive step to achieve cost reduction targets and create conditions for the company to make further investments in factories, he added.
“We will only invest in competitive factories. Germany cannot be an exception,” Antlitz said.
At the end of December last year, Volkswagen announced that it had reached an agreement with the labor unions and that it would not close factories in Germany. However, he announced that there will be staff reductions, as well as salary reductions.
The company said the deal would enable savings of 15 billion euros annually over the medium term and saw no material impact on its 2024 guidance.
Source: www.promotor.ro
