Volkswagen is reducing production at its Osnabrück plant in Germany by extending holiday closures and adding production-free days. This initiative belongs to a broader strategy to secure €6 billion in net annual savings by 2030. Management cites geopolitical tensions, high energy costs, and inflation as factors undermining previous cost-reduction efforts.
The environmental organization BUND and the Association of Ethical Shareholders are criticizing the company ahead of its annual general meeting. These groups argue the proposed dividend payout is too high given the ongoing layoffs. They advocate for retaining capital to fund the development of small, efficient electric vehicles.