136
Volkswagen considers German plant closures to save billions in costs | The Guardian
(www.theguardian.com)
this post was submitted on 02 Sep 2024
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Goshdarnit Guardian. You mean management, as in the CEO, informed the board, which has 50% - 1 seats allocated to the works council. Who already expressed their preference for the CEO to shove it. Then we have the seats representing the state stake (Lower Saxony owns 20%), which let it be known, somewhat more statesmanlike, that "the question of works closures won't arise because every other option will be exhausted first".
My prediction? If the CEO doesn't clearly communicate that "those were of course theoretical considerations unlikely to have practical relevance" there's going to be a new CEO.