Volkswagen Cuts Costs: Who is the First Woman to Lead VW Works Council?

Incumbents Under Pressure

Volkswagen is cutting costs amid falling sales in China and the ongoing chip shortage. The company announced plans to reduce production and lay off thousands of workers. The cost-cutting measures come as Volkswagen faces pressure from investors to improve its profitability.

First Female Leader

In a separate development, Daniela Cavallo was elected as the first woman to lead the Volkswagen Works Council. Cavallo is a long-time employee of Volkswagen and has been a member of the Works Council since 2010. Her election is seen as a sign of progress for gender equality at Volkswagen.

Challenges Ahead

Both Cavallo and Volkswagen CEO Herbert Diess face significant challenges in their new roles. Cavallo must navigate the difficult task of representing the interests of workers during a time of cost-cutting. Diess must find ways to improve Volkswagen's profitability and competitiveness in the face of increasing competition from Tesla and other electric vehicle makers.

Key Points

• Volkswagen is cutting costs and laying off workers due to falling sales and the chip shortage.
• Daniela Cavallo has been elected as the first woman to lead the Volkswagen Works Council.
• Both Cavallo and Diess face significant challenges in their new roles.

Sources

1. Reuters: Volkswagen targets 4 billion euro cost cuts - sources
2. Volkswagen: Daniela Cavallo elected as new Chairwoman of the General Works Council