The man who miscalculated
The profile NZZ published over the weekend is essentially a portrait of a manager who underestimated the scale of the crisis. According to the paper, when Oliver Blume took over the leadership of Volkswagen in 2022, he believed he could manage the already crisis-ridden group alongside running Porsche, following the model of Elon Musk, who simultaneously heads several companies. He held the dual role for three years, until he handed over the post at Porsche to Michael Leiters on January 1, 2026. NZZ ↗Now, according to NZZ, Blume has "bet everything on one card." The original cost-cutting program envisaged cutting 50,000 jobs in Germany by 2030, but that is no longer enough for the group, and the number is doubling to 100,000. Four German plants face closure. The plan is meeting fierce resistance from unions and from the federal state of Lower Saxony, which is a major shareholder in Volkswagen. The group's supervisory board is due to decide its fate in July. NZZ ↗
The German weekly Die Zeit summed up the essence in a single word — Tabubruch, meaning the breaking of a taboo. The group wants to violate the job security agreement that unions defended for years and which was supposed to remain in force until 2030. Die Zeit ↗
What this means for Bratislava
For the Slovak reader, the most important number is not 100,000, but a single model: the Cayenne. The Volkswagen Slovakia plant in Bratislava is the country's largest private employer — around 11,000 people worked there in 2023 — and is unique in that it assembles vehicles of five group brands under one roof, including the Volkswagen Touareg, Audi Q7 and Q8, and the Porsche Cayenne. HNonline ↗The website n-tv, citing the daily Frankfurter Allgemeine Zeitung (FAZ), writes that Porsche wants to move all three powertrain versions of the Cayenne to Leipzig. According to these reports, the reason is not supposed to be labor costs — quite the opposite. Bratislava workers earn significantly less than their German colleagues. However, Porsche's German plants in Leipzig and Stuttgart-Zuffenhausen are underutilized, and new CEO Leiters wants to fill the empty domestic production lines. The move is said to be conditional on German employees agreeing to a noticeable wage cut. n-tv ↗
If the plan is confirmed, a paradox will emerge: the group will favor the more expensive German plants over cheaper Bratislava, and only on the condition that German employees pay for it through lower wages. According to the daily Welt, up to 400 employees are also to be temporarily transferred to Wolfsburg through a so-called work-sharing scheme. So far, none of the sources has put a number on how many jobs the move would actually cost the Bratislava plant. Welt ↗
Limits of this perspective
NZZ is a liberal-conservative Swiss business daily, and it views Blume's radicalism with more respect than concern. The text advances the thesis that all of Germany needs a "180-degree turnaround" in economic and energy policy, portraying Blume's willingness to take unpopular steps as courage rather than a gamble.What neither the German nor the Swiss press addresses to any real extent is the Slovak dimension. For editorial offices in Zurich and Berlin, Bratislava is a footnote; they perceive the loss of a hundred thousand jobs through the lens of German cities like Zwickau, Emden, or Salzgitter, not through Devínska Nová Ves. Meanwhile, works council chairwoman Daniela Cavallová and the IG Metall union reject the plan as "blind, knee-jerk reactions" and are demanding that management "finally start doing its job." Moreover, the plan is not final: it is up to the supervisory board to decide, and Blume himself is resisting outright closures, looking instead for "smart" alternatives — from manufacturing cars for Chinese brands to renting out factory halls to arms manufacturers. Aktuality.sk ↗
What hotinfo is following
– The July meeting of Volkswagen's supervisory board: how many of the 100,000 jobs and which four German plants will actually be affected by the plan.– October, Porsche's Capital Markets Day, at which Leiters is expected to present details of the restructuring, including the fate of Cayenne production.
– Whether and when a final decision on moving the Cayenne will be made, and how many of the roughly 11,000 jobs in Bratislava it could put at risk.
– The stance of Porsche's German unions on wage concessions, without which the move to Leipzig will not happen.
– The reaction of Slovak unions (OZ KOVO) and the government to the threat facing the country's largest employer.







