IIPM-News Release
Volkswagen CEO Bernd Pischetsrieder’s tenure has been given a fresh lease of life with an extension. The unanimous decision of the board furthers Pischetsrieder’s tenure to 2012. This decision came as a surprise, as his cost cutting measures had received severe criticism in Germany. Pischetsrieder is the mastermind behind a massive restructuring programme at Volkswagen’s six German plants in Wolfsburg, Hanover, Cassel, Braunschweig, Emden and Salzgitter, which could wave go o d- bye to roughly 20,000 jobs by 2009. But it is believed that the $408 million fourth quarter net profits gave an impetus to this decision.
For Complete IIPM-Article, Click on IIPM-Editorial Column
Source IIPM-Editorial,2006
For Complete IIPM-Article, Click on IIPM-Editorial Column
Source IIPM-Editorial,2006
