Comment on Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union
Mora@pawb.social 3 weeks agoFor VW a lot of it is management failure. Instead of investing more into EVs and creating a car for the masses they held onto non-EVs mostly and then are surprised when cheaper vars (often from China) sell more.
Additionally VW had a dividend payout of 4,5 billion euro earlier this year (something that is not mandatory) … and then noticed a couple of months later that they are missing 5 billion euro in their budget, leading to the news above.
WhatAmLemmy@lemmy.world 3 weeks ago
If the controlling shareholders and board can approve spending money they don’t have on a dividend, they should be held personally liable and fined for that 4.5 B.
We’re taught that corporate criminals can act with impunity behind the liability shield of an LLC, but it is only this way because the people accept it.