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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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UPDATE: Volkswagen to shed 30,000 jobs; company says cuts will have 'no effect' in Chattanooga

Lobo
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UPDATE: Volkswagen to shed 30,000 jobs; company says cuts will have 'no effect' in Chattanooga Empty UPDATE: Volkswagen to shed 30,000 jobs; company says cuts will have 'no effect' in Chattanooga

Post by Lobo Sat 19 Nov 2016, 3:14 pm

UPDATE: Volkswagen to shed 30,000 jobs; company says cuts will have 'no effect' in Chattanooga
November 18th, 2016 by Associated Press in Volkswagen Read Time: 3 mins.

Updated at 10:35 p.m. with additional information about the local effect.


The planned job cuts Volkswagen announced Friday will have "no effect" in Chattanooga, said plant spokesman Scott Wilson.
As the Chattanooga factory readies for production of the automaker's new Atlas midsize sport utility vehicle next month, company staffing contractor Aerotek wants to hire 1,100 new employees by mid-April.
VW expects to have about 3,400 people working in Chattanooga by next spring — a new high since it started assembly here in 2011.
The company has invested about $900 million into the Chattanooga assembly plant and the SUV over the last couple of years to prepare for Atlas production. It will be assembled along with the Passat midsize sedan and be available at dealerships next spring, according to VW.
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FRANKFURT, Germany (AP) — Volkswagen announced plans Friday to cut 30,000 jobs in a wide-ranging restructuring of its namesake brand as it tries to recover from a scandal over cars rigged to cheat on diesel emissions tests.
The German company said the job cuts are part of a long-term plan to improve profitability and shift resources and investment to electric-powered vehicles and digital services.
Company officials at a news conference at its headquarters in Wolfsburg said 23,000 of the job cuts will come in Germany and that the measures will save some 3.7 billion euros ($4 billion) a year from 2020.
CEO Matthias Mueller said it was "the biggest reform package in the history of our core brand." In addition to Volkswagen, the company also makes cars under other brands including Porsche, Audi, SEAT, Skoda and Lamborghini.
The layoffs cap a difficult year for Volkswagen, which has been embroiled in an emissions-rigging scandal that damaged the company's reputation and cost it billions.
In response, Volkswagen has agreed to pay $15 billion to U.S. authorities and owners of some 500,000 vehicles with software that turned off emissions controls. Around 11 million cars worldwide have the deceptive software.
The scandal has been a spur for the company to address longstanding problems such as high fixed costs at its manufacturing locations in Germany and excessively top-down management that many say created an environment that enabled the cheating.
Herbert Diess, head of the core Volkswagen brand, conceded that Volkswagen had let its costs rise and "lost ground in terms of productivity." The changes, he said, would make the company "leaner and more efficient."
As well as addressing Volkswagen's longstanding cost issue, the cuts underscore the company's status as key jobs provider in the state of Lower Saxony, which owns a stake in the company.
Volkswagen Group, with its multiple brands, has more than 600,000 employees worldwide but the cuts will mainly fall on its 120,000-strong German workforce. Job cuts are also foreseen in Brazil and Argentina.
Volkswagen sells roughly the same number of cars as Toyota and General Motors, around 10 million a year. But Toyota does it with 349,000 workers and GM with 202,000.
The company has said it aims to cut nonessential costs and investments and shift resources toward battery-powered cars and internet-based services such as car-sharing and ride-sharing. The company had been slower than some competitors to move toward electric cars but has shifted its view after the scandal underlined diesel's limitations. Volkswagen now says it plans to introduce more than 30 electric-powered vehicles by 2025, and to sell 2 to 3 million of them a year.
To make the job cuts, the company has cut a deal with its powerful worker representatives. Under the terms of the deal, Volkswagen has agreed to keep much of the future investment in new technology in Germany and to rely on voluntary departures such as early retirement, with no firings.
Top employee representative Bernd Osterloh said "the next generation of electric vehicles will be made here in Germany, not abroad."
Volkswagen's package of measures received a cautious welcome in markets. The company's share price was up 0.3 percent at 129.45 euros.
http://www.timesfreepress.com/news/volkswagen/story/2016/nov/18/volkswagen-shed-30000-jobs-cutting-costs-after-scandal/398486/
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UPDATE: Volkswagen to shed 30,000 jobs; company says cuts will have 'no effect' in Chattanooga Empty Re: UPDATE: Volkswagen to shed 30,000 jobs; company says cuts will have 'no effect' in Chattanooga

Post by Neno Sat 19 Nov 2016, 5:08 pm

TY LOBO for this one.

    Current date/time is Mon 03 Oct 2022, 10:20 pm