Monday, September 08, 2008
VW workers to protest against Porsche
Thousands of Volkswagen Group employees are due to protest against Porsche's move to take a majority stake in the company at a supervisory board meeting on Friday.
Three months ago the sportscar manufacturer took an 18 per cent stake in VW and has recently raised this stake to 31 per cent.
As a result Wendelin Wiedeking, Porsche chief executive, has taken a seat on the VW board.
VW head of works council Bernd Osterloh has spoken out against Porsche's management as its grip has tightened, while Porsche has reportedly criticised some of VW's management decisions.
DATED: 08.09.08
FEED: MT
Three months ago the sportscar manufacturer took an 18 per cent stake in VW and has recently raised this stake to 31 per cent.
As a result Wendelin Wiedeking, Porsche chief executive, has taken a seat on the VW board.
VW head of works council Bernd Osterloh has spoken out against Porsche's management as its grip has tightened, while Porsche has reportedly criticised some of VW's management decisions.
DATED: 08.09.08
FEED: MT
