Volkswagen Group's Boardroom Showdown Threatens Labor and Profits The Volkswagen Group's latest effort to address its financial struggles hit a roadblock with a 12 7 vote by its supervisory board.
The company's plan to revamp operations and cut costs remains on the table, but the rejection of redundancies and factory closures is a significant victory for labor unions in the short term.
At stake are not just VW Group's bottom line, but also the balance between profit margins and worker representation.