Herbert Diess CEO VW Group position questioned from the mighty worker council in pre talks of the supervisory meeting
"The company is blocked"
A mediation committee is set up in the Supervisory Board
A process started that can cost Diess his job
"The company is blocked"
A mediation committee is set up in the Supervisory Board
A process started that can cost Diess his job
Worker Council speaker,
"Constructive and confidential discussions are currently underway. Any results will be communicated in due course."
According to sources the core of the dispute is Diess' demand for speed in the restructuring of the Group
"Constructive and confidential discussions are currently underway. Any results will be communicated in due course."
According to sources the core of the dispute is Diess' demand for speed in the restructuring of the Group
Diess' position within the VW Group is at risk in view of the weak quarterly results & BEV sales falling short of expectations
In addition to the worker council, Diess is also in dispute with the state of Lower Saxony, which has a seat on the advisory board and 20% voting rights
In addition to the worker council, Diess is also in dispute with the state of Lower Saxony, which has a seat on the advisory board and 20% voting rights
The sentiment is negative, according to the Handelsblatt, leading executives are said to have even expressed their lack of confidence in Diess at a meeting last week
The VW stock lost 4% today
The VW stock lost 4% today
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