# Next on the chopping block VW
**URL:** https://forums.speedlife.net/t/next-on-the-chopping-block-vw/8010
**Category:** NYSpeed Automotive
**Created:** [February 10, 2006, 11:45am UTC](https://forums.speedlife.net/t/next-on-the-chopping-block-vw/8010 "2006-02-10T11:45:32Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@jeeves744](https://forums.speedlife.net/u/jeeves744)
#### Post date: [February 10, 2006, 11:45am UTC](https://forums.speedlife.net/t/next-on-the-chopping-block-vw/8010/1 "2006-02-10T11:45:32Z")
[http://news.yahoo.com/s/ap/20060210/ap\_on\_bi\_ge/volkswagen\_restructuring](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
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### Author:  [@JoesTypeS](https://forums.speedlife.net/u/JoesTypeS)
#### Post date: [February 10, 2006, 11:52am UTC](https://forums.speedlife.net/t/next-on-the-chopping-block-vw/8010/2 "2006-02-10T11:52:12Z")
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…
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### Author:  [@Xander](https://forums.speedlife.net/u/Xander)
#### Post date: [February 10, 2006, 11:52am UTC](https://forums.speedlife.net/t/next-on-the-chopping-block-vw/8010/3 "2006-02-10T11:52:38Z")
They are pro-active though, they posted a win this year and want to keep it that way. 😉
X…
[edit] Joe you suck.[/edit]
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### Author:  [@JoesTypeS](https://forums.speedlife.net/u/JoesTypeS)
#### Post date: [February 10, 2006, 11:53am UTC](https://forums.speedlife.net/t/next-on-the-chopping-block-vw/8010/4 "2006-02-10T11:53:20Z")
:word:
except for the sucking part
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### Author:  [@JaysGreenLX](https://forums.speedlife.net/u/JaysGreenLX)
#### Post date: [February 10, 2006, 11:57am UTC](https://forums.speedlife.net/t/next-on-the-chopping-block-vw/8010/5 "2006-02-10T11:57:29Z")
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,”
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### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [February 10, 2006, 1:17pm UTC](https://forums.speedlife.net/t/next-on-the-chopping-block-vw/8010/6 "2006-02-10T13:17:01Z")
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.