
The VW supervisory board surprisingly announced an agreement on the austerity program on Thursday evening after internal matters were regularly leaked and the group made unexpected decisions.
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VW is regularly in the spotlight due to internal information that leaks out and sometimes makes unexpected decisions.
It's no exaggeration to say that VW is always good for a surprise. Internal information regularly leaks out; But at the same time, the company sometimes manages to make decisions exactly when no one really expects it. For example, this Thursday evening, when the executive committee of the supervisory board suddenly announced an agreement on the austerity program.
The Volkswagen Supervisory Board surprisingly agreed on large parts of Oliver Blume's board of directors' 2030 future plan and unanimously approved the package. 50,000 jobs are to be cut worldwide, four German plants are under pressure and the operating return on sales is expected to increase to nine percent by 2030.
Volkswagen's supervisory board has unanimously approved the "Future Plan 2030", which envisages the possible closure of four German plants and the risk of 50,000 jobs. The plan includes reducing excess capacity, reducing model diversity and shifting competencies in favor of the board, while employee representatives expect further conflicts.

Netflix has increased the prices for its subscriptions in Germany after more than two years. The premium subscription now costs 21.99 euros, the standard subscription 15.99 euros and the ad-financed subscription 6.99 euros per month. In addition, fees for sharing accounts outside of the household are increasing.

The Volkswagen supervisory board agreed on a future plan for 2030 in Wolfsburg on Thursday, which envisages job cuts of around 50,000 and includes the realignment of the North American and China business as well as halving the model range. Despite the agreement, critical points such as the future of the Emden, Zwickau, Hanover and Neckarsulm plants remain open, for which a competitive production structure is to be developed by the end of June 2025.

The price of premium gasoline E10 reached a new record of 2.22 euros per liter in Germany due to renewed US attacks on Iran and low water on the Rhine. The ADAC confirmed the value to the dpa. Despite the nominal record, inflation-adjusted prices have been higher in the past, around 2012.

The VW supervisory board unanimously approved the board's savings plan, which calls for the reduction of 50,000 jobs. Four plants in Emden, Zwickau, Hanover and Neckarsulm are at risk due to overcapacity. IG Metall and the works council emphasize that no decision has been made to close the plant, but that solutions must be developed for all locations.