Next on the chopping block VW

http://news.yahoo.com/s/ap/20060210/ap_on_bi_ge/volkswagen_restructuring

Volkswagen AG warned that as many as 20,000 jobs could be cut in the next three years under a restructuring plan announced Friday

The announcement came as the company reported a preliminary 2005 net profit of 1.1 billion euros ($1.3 billion), or 2.90 euros ($3.47) a share — up 61 percent from 697 million euros, or 1.79 euros a share, the year before.

That beat analysts’ forecasts of 834 million euros ($998 million).

that’s the key statement…PROFIT…

They are pro-active though, they posted a win this year and want to keep it that way. :wink:

X…

[edit] Joe you suck.[/edit]

:word:

except for the sucking part

I love the way they word shit

“Up to 20,000 direct and indirect employees within the Volkswagen Passenger Car brand could be affected by this restructuring program,”

Irnorance FTL

A company does not need to keep people on in good times. As auto manufacturers grow, technology advances, and lean practices become better, I would expect jobs to go down, not up.