In the struggle to save billions, Volkswagen is imposing a temporary hiring freeze for its most important locations. “Due to the ongoing efficiency programs at Volkswagen AG, external hiring will be temporarily limited and no external positions will be advertised,” said a spokesman on Friday. All six locations in Lower Saxony and Hesse are affected: Wolfsburg, Hanover, Braunschweig, Salzgitter, Emden and Kassel. The background is the planned efficiency program, which the Volkswagen core brand has been negotiating with the works council since the beginning of October. The brand is struggling with high costs and production downtime. In the first nine months of 2023, the operating return on sales fell to 3.4 percent. This means that out of every 100 euros in sales, only around 3.40 euros in operating profit remained in day-to-day business. The VW works council showed understanding for the hiring freeze that has now been imposed.
Hiring freeze at VW – Economy
