VW Workers to Question CEO Over Restructuring Plan Threatening 140,000 Jobs

Volkswagen (VW) worker representatives are preparing to question the company's CEO about a comprehensive restructuring plan that reportedly threatens 140,000 jobs. According to a statement from the works council, employees will pose tough questions to management at a meeting scheduled for this week. The plan is seen as part of VW's efforts to reduce costs and adapt to the electric vehicle transition. The works council has warned that the restructuring could have serious impacts on employment, particularly at factories in Germany. Union representatives stated they will enter negotiations with management to protect job security and working conditions. The CEO is expected to provide clear answers on the plan's details and how layoffs will be minimized. VW management argues that the restructuring is necessary for the company's long-term competitiveness. However, the works council emphasizes that such a transformation must be carried out in cooperation with social partners. It is reported that worker representatives may also raise potential strike or action plans during the meeting. This development once again highlights the employment pressures created by the electric vehicle transition in the automotive sector. VW's decision could set a precedent for other major automakers. Markets assess that the agreement reached with worker unions could impact the company's stock performance. This is not investment advice.