Volkswagen executive Thomas Schäfer said the company needs to adjust to "new realities" as it intends to shut down German factories and cut jobs. The IG Metall trade union is set to strike next month over the plan.
Yeah. Volkswagen management fucked up on every strategic decision in the last 10-15 years, the stakeholders went with it and got paid 4.5 billion euros in dividends last year alone, and now the employees have to pay for all of it. Makes sense if you don’t think about it.
Don’t forget the diesel cheat devices designed by VAG to pass emissions only during testing.
That decimated the diesel car industry for all manufacturers and caused a lot of people to pay a lot more “environmental” taxes for their diesel cars ever since, despite governments encouraging ownership of Diesels in the 90s and Naughties because of their greater economy.
Yeah. Volkswagen management fucked up on every strategic decision in the last 10-15 years, the stakeholders went with it and got paid 4.5 billion euros in dividends last year alone, and now the employees have to pay for all of it. Makes sense if you don’t think about it.
Don’t forget the diesel cheat devices designed by VAG to pass emissions only during testing.
That decimated the diesel car industry for all manufacturers and caused a lot of people to pay a lot more “environmental” taxes for their diesel cars ever since, despite governments encouraging ownership of Diesels in the 90s and Naughties because of their greater economy.
I actually joined a class action suit against them and got some settlement money out of it after buying one of those 🙃
Well done!