Volkswagen CEO's Speech to Workers Drowned Out By Boos After He Says Company 'Isn't Operating in a Fantasy World'
Volkswagen CEO's Speech to Workers Drowned Out By Boos After He Says Company 'Isn't Operating in a Fantasy World'
The carmaker has been in heated discussions with unions after announcing this fall that it would have to take drastic measures to cut costs
The carmaker has been in heated discussions with unions after announcing this fall that it would have to take drastic measures to cut costs
Volkswagen: “We’re making €18 billion this year, so naturally, it’s time to slash jobs and squeeze the people actually keeping the company running.”
Meanwhile, the execs are over here stacking 15-25% raises every year like it’s Monopoly money. But sure, cutting worker salaries by 10% will totally boost morale. Nothing says “we value you” like a kick in the wallet.
Man, this is the same story every time. Companies rake in bigger profits, then lay off workers like they’re the problem.
People who gave them years of work get dumped into poverty or instability, and the execs act like it’s just business.
Meanwhile, you know they’re gonna be knocking on the government’s door for some bailout money. Absolute joke.
C-suite execs and board members should be required to work a couple weeks a year filing in for several of their lowest-paid workers. Maybe even staying with them so they see how their workers are forced to live.
If that happens, they'll probably just restructure it so that they're the only members of the company, and everyone else under them is part of a new company wholly owned and operated by the original company.
Sounds like my previous company.
We're expecting our revenue next quarter to be between -2% and +2% compared to this quarter. As a result we will not be giving anybody a raise and there will only be an absolute minimum of promotions. In other news we made all our targets this year, have a 8% growth and will be raising the bar on all targets for next year.
And they asked my why I quit.
Wait what I thought VAG was unprofitable and has been for a while?
I think it's time the workers took "drastic measures" to cut costs and boot the CEOs
Sorry, the company doesn't operate in a "fantasy world" your CEO paycheck is unsustainable for the company
A CEO huh? Hm.
Just the one, then?
Ironic coming from a company who’s emissions testing was pure fantasy.