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Reviews Volkswagen share with win: Porsche SE continues to stand behind VW boss this - works council requires rework

18:00  05 november  2021
18:00  05 november  2021 Source:   finanzen.net

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The majority owners of Volkswagen hold on Herbert as CEO.

Spencer Platt/Getty Images © Provided by finanzen.net Spencer Platt / Getty Images

"The Family Porsche and Piech continues to be behind Mr. D.," said a speaker of the Porsche SE . Nothing changed at the position of the families. In the holding, families have bundled their shares in the Wolfsburger DAX Group.

This was increasingly advised in recent days in the criticism of the employee side for comments on a possible job reduction. "Here is not a person too much on board," the total and consolidated board chairman Daniela Cavallo had explained on Thursday before thousand employees in Wolfsburg. VW is currently under pressure due to the transformation of the industry for e-mobility and suffers from the chip deficiency like other manufacturers. Many bands had to be stopped, busy had to stay home.

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works council: VW boss This must be replaced at several places

after the significant criticism at the current price of Group Chef Herbert This has demanded the VW works council chairman Daniela Cavallo further improvements in management and communication. In the case of the coloted rumors, they are not clear to the need for a large job deduction even after the recent business meeting, said the employee representative sitting on the Supervisory Board the "Handelsblatt" (Friday / Online). "The workforce asks what the company will put on the table. So far there is nothing. There is still no applications to us to deal with a staff reduction. And we also see absolutely no occasion."

For a long time before the dispute, Cavallo had suspected after her takeover in the spring: "There are some topics that are not easy, and we have to negotiate this year." Most recently, she went hard after this had brought a number of up to 30,000 threatened jobs at the VW core division.

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You ask yourself why the board of directors will not dear concrete plans for the factory assignment before the start of the E-Grand Project Trinity in Wolfsburg instead of such as provocation. "I believe that Herbert has formulated this the right corporate strategy," said Cavallo. "But now it's about being implemented."

Since the manager Dirk Hilgenberg the software division Cariad Leite, "it runs much better with the Cariad," says the works council. But: "From our point of view, Cariad could have a higher speed. Since in my view, Mr. this would have to support more." The Group Council repeatedly described the expansion of software competence as one of the most important VW targets. The Manager Christian Senger, which Cariad had first built, was surprisingly recalled in 2020 and later made a development chief for autonomous driving. Cavallo said it did not give any functioning semiconductor management.

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for the headquarters Wolfsburg applied: "All employees we have on board and will not go in partial retirement soon, must be taken." Cavallo believes that the new drives and technologies drop away from labor to large parts through new activities. "The deserted factory will not give it 2030 and not 2040 either." However, the Executive Board can not criticize a lack of readiness for adjustment if at the same time assigned E models would be relocated from the planning or other locations. For Wolfsburg, where especially Golf and Tiguan are created, the works council requires at least another electrophore.

"I do not share the form of Mr. Dies," said Cavallo for his allegedly independent considerations. "If there are topics where he considers that we must deviate from our previous appointments, then that belongs to the table, and first of all, where we meet."

The VW share is sometimes 1.43 percent by Xetra at 198.20 euros. The Porsche share also climbs 1.31 percent to 88.48 euros. Frankfurt / Wolfsburg (Dow Jones / DPA-AFX)

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