16 Oct, 2015 @ 15:00
1 min read

Volkswagen chief demands ‘painful cut’ as SEAT workers wait for news

SEAT workers e
SEAT workers in Spain

VOLKSWAGEN have guaranteed  their planned €4.2 billion investment in their main Spanish SEAT plant, Industry Minister Jose Manuel Soria said.

SEAT workers in Spain
SEAT workers in Spain

SEAT workers at the Martorell factory near Barcelona face a worrying future as the company reviews spending after the rigged emissions test scandal.

But Soria’s revelation calmed fears over potential job losses.

Soria, said: “I had a meeting in Germany with the chairman and he guaranteed the investments planned for Spain would be maintained.”

The German car giants estimate 683,626 of their cars in Spain are affected by the fake emissions tests scandal, which has knocked 30% of Volkswagen’s share price.

New president Matthias Müller said Volkswagen would ‘cancel or postpone anything that is not strictly necessary’.

Joe Duggan (Reporter)

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: newsdesk@theolivepress.es or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Story

A7 heaven as final section near Granada opens

martina willis e
Next Story

Courage: My recipe for success

Latest from Business & Finance

Go toTop

More From The Olive Press