Daily Management Review

Volkswagen’s New Aim Is To Increase The Brand’s Profitability Margin To Six Percent After 2025


11/22/2016


Increasing the brand profitability at VW, would cost the company to a commitment, while the union would also allow a job cut of thirty thousand.



The aim of Volkswagen is to increase its core brand’s profitability, as the same lags behind its “major rivals”, whereby the goal is to go above six percent after the year of 2025, reports the Brand Chief of VW, Herbert Diess, in a “news conference”.
 
On Friday, the company made an announcement of compromising with labour unions which would permit the company to reduce “30,000 jobs” by the year of 2025, while in return the company has to make a commitment for avoiding “forced redundancies”, as Diess spelled out his plans’ details. In his words:
“We want to make Volkswagen future-proof”.
 
However, the expectation are there that this year, the profitability of VW’s brand would be “just” two percent, reports Reuters.
 
 
 
References:
http://www.reuters.com/







Science & Technology

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

World Politics

World & Politics

Turkish President and CIA set to find Khashoggi's murderer

Saudi Explanation Of Khashoggi’s Death Criticised Internationally

Cyprus Cobalt Air stopped flights

Transparency International: Europe should stop selling citizenships

Turkey: We are not going to discuss borrowing from IMF anymore

Trump in your mobile phone: US is going to test Presidential Alert system

European automakers warn of consequences of tight emission controls

IATA: EU-UK flights can be cancelled due to Brexit disagreements