Dispute over Herbert Diess blocked VW

Volkswagen Group CEO Herbert Diess

How things will go with him in Wolfsburg is not clear at the moment.

(Photo: dpa)

Düsseldorf, Berlin Leading supervisory boards of Volkswagen discussed the future whereabouts of CEO Herbert Diess last Friday. The representatives of the mediation committee had not found a solution to the question of whether Diess could remain at the top of management, the Handelsblatt learned from corporate circles.

The trust of the supervisory boards from the workers’ camp and the state of Lower Saxony in the VW boss has been shaken after he had commissioned his strategists with plans to cut up to 30,000 jobs in the German VW plants.

At a meeting of the inspectors at the end of October, parts of the Diess committee withdrew their trust. The members of the mediation committee should now sound out whether further cooperation with the top manager is possible. In addition to the chairman of the supervisory board, Hans Dieter Pötsch, the committee also includes Lower Saxony’s Prime Minister Stephan Weil (SPD), IG Metall boss Jörg Hofmann and the works council chairwoman Daniela Cavallo.

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