Volkswagen wins workers backing for restructuring; to set up $1-b battery plant – BusinessLine
Volkswagen workers backed a restructuring of the worlds largest carmaker on Tuesday after Chief Executive Herbert Diess pledged to spend 1 billion ($1.1 billion) on a new battery cell production plant near its headquarters in Lower Saxony.
Diess needs the support of Volkswagens powerful unions as he attempts to slim down and simplify the German company, which has 12 brands spanning trucks, buses, motorbikes, cars and electric bicycles.
VWs leadership has embraced a strategic shift towards e-mobility, which requires less manpower to produce cars, to help it shed the shadow of the diesel emissions test cheating scandal that damaged its finances and reputation.
Labour opposition has stifled previous restructuring efforts at VW, which also sai…