VW continues with US plant but lays-off 16,500
March 2, 2009 by Matt Brogan
Volkswagen will not renew the contracts of its 16,500 temporary workers this year because of the economic downturn, but despite the crisis will proceed with construction of its new US plant.
While it’s not good news for those affected, VW’s permanent worker’s roles have been secured by the move with group CEO Martin Winterkorn saying the company is not considering mandatory job cuts at the moment – though it has not ruled out cutting working hours.
Mr Winterkorn said VW will not have any temporary workers by the end of 2009.
“That is not good for those who will be affected, but there is no other way to do it,” he said.
Mr Winterkorn also predicted the financial crisis would right itself by 201, and said VW was therefore continuing with plans for the US production plant.
“I expect that the United States would have overcome its problems at the latest in 2011 when the plant is ready,” he added.
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It amazes me that everyone has opinion of when the US will come out of its economic mess, but offer no solution or opinion on how they can get out of it.
Frenchie, well everything that is being done has been done. Otherwise America would be going communist with complete control over the economy.. and thats unlikely.
Rubbish – Obama is so far proving to be a dud – every time he opens his mouth the stock market crashes further.
So far he as talked a lot and done nothing much to help.
We are all suffering because of this.