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    Home > Finance > Volkswagen CFO: after cost-cutting deal, productivity must go up
    Finance

    Volkswagen CFO: after cost-cutting deal, productivity must go up

    Published by Global Banking & Finance Review®

    Posted on January 15, 2025

    1 min read

    Last updated: January 27, 2026

    Volkswagen CFO Arno Antlitz addresses investors about enhancing productivity in German plants post cost-cutting deal, emphasizing competitive manufacturing strategies.
    Volkswagen CFO Arno Antlitz discusses productivity and cost-cutting measures - Global Banking & Finance Review
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    Tags:managementproductivityAutomotive industryfinancial management

    Quick Summary

    Volkswagen's CFO stresses the importance of boosting productivity in German plants following a cost-cutting deal to ensure competitiveness and future investments.

    Volkswagen CFO Emphasizes Need for Increased Productivity Post-Cost Cuts

    BERLIN (Reuters) - Volkswagen's chief financial officer said in comments to investors seen by Reuters on Wednesday that the next step to making its German plants competitive was to improve productivity, increasing the number of cars produced per worker.

    CFO Arno Antlitz, speaking to investors in New York on Tuesday, said that the cost-cutting deal struck with unions last December tackled the carmaker's problems of high labour costs and capacity underutilisation.

    The deal was attached to clear and measurable milestones and new measures would be developed if goals were not met, Antlitz added, without specifying what the milestones were.

    However, increasing productivity was the decisive third step to achieve cost reduction targets and create conditions in which the company could make further investments in plants, he added.

    "We will only invest in competitive plants. Germany cannot be an exception," Antlitz said.

    (Reporting by Victoria Waldersee; Editing by Madeline Chambers)

    Key Takeaways

    • •Volkswagen CFO highlights the need for increased productivity.
    • •Recent cost-cutting deal aimed at reducing labor costs.
    • •Productivity increase is crucial for future investments.
    • •German plants must become more competitive.
    • •Milestones set to measure progress post cost-cutting.

    Frequently Asked Questions about Volkswagen CFO: after cost-cutting deal, productivity must go up

    1What did Volkswagen's CFO say about productivity?

    CFO Arno Antlitz stated that increasing productivity is essential to achieve cost reduction targets and to create conditions for further investments in plants.

    2What was the focus of the cost-cutting deal?

    The cost-cutting deal addressed high labour costs and capacity underutilization at Volkswagen's German plants.

    3Are there specific milestones tied to the cost-cutting deal?

    Antlitz mentioned that the deal included clear and measurable milestones, but he did not specify what those milestones were.

    4What conditions must be met for Volkswagen to invest in plants?

    Antlitz emphasized that Volkswagen would only invest in competitive plants, indicating that Germany cannot be an exception in this regard.

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