EMCC European Monitoring Centre on Change

Volkswagen

Company/Organisation:
Volkswagen

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of transport equipment
29.1 - Manufacture of motor vehicles
Number Employed: 373400
Group: Volkswagen

Employment Effects

Announcement Date: 02-03-2009
Planned Job Reductions min: 16500
Planned Job Reductions max: 16500
Type of Restructuring: Internal restructuring
Employment Effect Start: 02-03-2009
Foreseen End Date: 31-12-2009

Additional Information

On 2 March 2009, the German car producer Volkswagen announced that it is to cut all 16,500 jobs for temporary agency workers worldwide. The job reduction is to be completed by the end of 2009. The job cuts are attributed to the drop in demand.