VW’s Board of Directors May Say Goodbye to Herbert Diess

VW’s Board of Directors May Say Goodbye to Herbert Diess

FineAuto

Reuters writes about this with reference to its own sources.

According to the published data, the Volkswagen intermediary committee intends to discuss the future work of the concern with the current CEO Herbert Diess. It is reported that the reason for this was a statement by the head that about 30,000 employees of the company could lose their jobs as part of the transition to the production of electric vehicles.

There is currently no information on exactly when the meeting will take place. Volkswagen officials and the concern’s press service declined to comment on this situation. Note that immediately after rumors about Diss’s resignation from the post of CEO of the concern, Volkswagen shares fell by 3.5%.

It should be said that the situation around Diess, the management of Volkswagen and the trade unions clearly shows the fragile balance of power within one of the largest automakers in the world.

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