2023-12-20 21:06:35
Forced to accelerate the transition to electric power in Europe and catch up with Chinese competition, German manufacturers are trying to put up a front. From top to bottom and left to right: the BMW X5, the Volkswagen ID4 and the Mercedes E-Class. Volkswagen, BMW, Mercedes
SURVEY – Manufacturers and equipment suppliers alike are reducing their workforce in Germany and looking for growth drivers.
The German auto industry has the blues. The engine of an entire section of Europe’s largest economy has seized up in recent months. Bad news is piling up among manufacturers and equipment suppliers. Forced to accelerate the transition to electric in Europe and to catch up in China with local manufacturers and Tesla whose growing market share threatens them, Volkswagen, BMW, Mercedes, Bosch, Continental, ZF are trying to stand up.
Number two in the world in the automobile industry, the Volkswagen group (668,000 employees worldwide in 2022), announced that it would reduce its payroll by 20% in the coming years. The unions have just given the green light. Early retirement from age 57 and savings measures are underway. “It is clear that in the future we will have to work with fewer staff in many areas at Volkswagensaid Thomas Schäfer, CEO of the brand that gave its name to the group. The situation is very critical…
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