Volkswagen Supervisory Board Discussions

Volkswagen's supervisory board is potentially moving away from large plant closures in Germany to address the company's cost crisis, according to a report from manager magazin.

The supervisory board has discussed halting operations at the Dresden plant, which has 300 employees, and selling the Osnabrueck plant that employs around 2,300 people. The Osnabrueck facility is currently operating at only 30% capacity.

Although these measures are under consideration, no final decisions have been made. There is noted division among board members, with influential shareholders from the Piech and Porsche families advocating for more stringent cost-cutting measures. The goal is to reach an agreement by Christmas.

Recent negotiations with unions ended without resolution, amid significant strikes involving record numbers of workers in Germany. Further talks are scheduled for December 16-17.

Volkswagen and Porsche SE spokespeople declined to comment on the situation.