VW Reduces Production at Wolfsburg Plant Due to Low Demand
May 13 2020 - 7:15AM
Dow Jones News
By Markus Klausen
Volkswagen AG has already cut back production at its main plant
due to low demand, the company said in a post on its company's
internal website.
For four days in May several assembly lines at the German car
maker's Wolfsburg plant won't be in production, according to an
interview with Arne Meiswinkel, VW's personnel manager, published
on the company's internal website.
Volkswagen has agreed to close assembly lines on May 15, 20, 25
and 29, affecting all shifts.
In May, around 7,700 employees at the site were on short-time
work, a measure which sees workers' hours reduced while pay is
partially covered by the government.
As planned, May 22 will continue to be used as a bridging day
and isn't subject to short-time work.
"We are organizing the driving patterns in the other Volkswagen
AG plants in the same appropriate and flexible way", Mr. Meiswinkel
said in the post.
Write to Markus Klausen at markus.klausen@dowjones.com
(END) Dow Jones Newswires
May 13, 2020 07:00 ET (11:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Volkswagen (TG:VOW3)
Historical Stock Chart
From Mar 2024 to Apr 2024
Volkswagen (TG:VOW3)
Historical Stock Chart
From Apr 2023 to Apr 2024