logo
Plus   Neg
Share
Email

Volkswagen Suspends Production Till April 9

In view of the fall in demand for automobiles and the challenges in the supply chain due to coronavirus outbreak, Volkswagen extended its production shutdown at its passenger cars brand, commercial vehicles as well as Volkswagen group components until April 9. Earlier on 21st, the German carmaker has closed most of its factories for two weeks.

The company said the application for an extension of short-time working for a total of 80,000 employees of Volkswagen AG has been submitted and plans to end short-time working with the night shift of April 9 to 10.

Volkswagen said its Dresden, Emden, Osnabrück, Wolfsburg, and Zwickau as well as the Volkswagen Commercial Vehicles plant in Hanover, the plants of Volkswagen Group Components at Brunswick, Kassel, Salzgitter, Chemnitz and Hanover and the German plants of SITECH are affected.

Further, the company said it is preparing intensively for the resumption of production and the protection of employees will once again be significantly strengthened.

Andreas Tostmann, Member of the Volkswagen brand Board of Management responsible for Production and Logistics said, "The health of our employees has the highest priority. We will ensure that they can return to safe workplaces when production and logistics activities are resumed."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turbines to public utilities, and also covered up improper business gains. Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with color images is to promote greater public understanding of the negative health consequences of smoking. JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further...
Follow RTT