VW Warns Up to 20,000 Jobs Could Be Cut

[MikeMike]

Volkswagen AG said Friday that up to 20,000 jobs could be cut by 2009 under a new restructuring plan designed to reduce costs and boost earnings for Europe's biggest automaker.

The announcement came as Volkswagen reported a preliminary 2005 net profit of 1.1 billion euros ($1.3 billion), beating estimates for a profit of 834 million euros ($998 million). Its sales rose to 95.3 billion euros ($114 billion) in 2005 from 88.96 billion euros in 2004.

"In the next three years, up to 20,000 direct and indirect employees within the Volkswagen passenger car brand could be affected by this restructuring program," the company said in a statement after a meeting of its board

http://www.forbes.com/home/feeds/ap/2006/02/10/ap2516072.html

 

[Tu13erhead]

Repost.

Edit: Link

 

[DingDingDao]

what an idiot :laugh:

 

[BrokenVisage]

+ R

Wow, another repost for MIKEMIKE

 

[MikeMike]

wtf are you three talking about??

😉

 

[CrackRabbit]

Originally posted by: DingDingDao
what an idiot :laugh:

*confirmed*

 

[Zanix]

God. what's that like ~5k worth of damage from a curb?

The bags deployed too. :shocked:😕


Bummer, hope he's got goooood insurance.

 

[DougK62]

Someone thinks a Tib is a race car.

 

[MikeMike]

arg what are you guys talking about???????????????

wrong thread dudes it belongs here

😀

 

[BrokenVisage]

MIKEMIKE trying to be slick eh? 😛

 

[Mr.IncrediblyBored]

Originally posted by: MIKEMIKE
arg what are you guys talking about???????????????

wrong thread dudes it belongs here

😀

Oh, you're one of those people. We should start quoting your first posts for posterity.🙂

 

[MikeMike]

Originally posted by: KnightBreed

Originally posted by: MIKEMIKE
arg what are you guys talking about???????????????

wrong thread dudes it belongs here

😀

Oh, you're one of those people. We should start quoting your first posts for posterity.🙂

well no one did quote it, so i figured i could easily change it.

 

[RU482]

appearntly all the people on here who say their next car is gonna be a diesel haven't been living up to their promise

 

[ElFenix]

Originally posted by: redly1
appearntly all the people on here who say their next car is gonna be a diesel haven't been living up to their promise

we're all waiting for low sulphur diesel and who is to say there has been a next car yet?