Saxony's Minister President Michael Kretschmer (CDU) is urging "sensible" framework conditions for German industry in view of the crisis at the VW Group. "We are naturally concerned about Volkswagen," he said at a congress on the transformation of the automotive industry in Dresden.
He considers the "lead plant for electromobility" in Mosel near Zwickau to be relatively protected, which is "a unique selling point". With regard to the development of the automotive industry in Germany, he criticized that economic policy had become "an obstacle". "We need clarity and reliability here quickly, especially when it comes to energy prices."
Europe's largest car manufacturer recently announced that it would have to make significant savings in its core brand. The previously planned job cuts through partial retirement and severance payments were no longer sufficient. Plant closures and compulsory redundancies at the core VW brand are no longer ruled out. On Tuesday, the Group terminated the job guarantee that had been in place since 1994. This means that compulsory redundancies are possible from July 2025.
