Vorst VW plant threatened with closure
11 July 2005, BRUSSELS — The Volkswagen plant in Vorst is reportedly threatened with closure, but management and unions have denied the claims.
11 July 2005
BRUSSELS — The Volkswagen plant in Vorst is reportedly threatened with closure, but management and unions have denied the claims.
British newspaper 'The Financial Times' said new Volkswagen chief Wolfgang Bernhard plans to take drastic cost-cutting measures.
It said this could lead to job losses and the closure of the German car manufacturer's plant at Vorst in Brussels.
However, both company management and unions deny the Brussels plant is a target for closure. Nevertheless, unions have not ruled out job losses.
The Vorst plant makes the Volkswagen Golf and Audi A3 and employs 5,700 workers.
Analysts have frequently speculated about the plant's closure because wages are higher in Belgium than in Germany.
Consequently, the Belgian plant is considered the company's weakest link, Belgian newspaper 'Het Laatste Nieuws' reported.
Unions and management are scheduled to meet on Thursday.
[Copyright Expatica News 2005]
Subject: Belgian news