Blume emphasized that Germany cannot ignore the issue of a vehicle market oversaturated with unneeded cars from both China and Europe.
Meanwhile, the labor union IG Metall heavily criticized the corporate downsizing plans following the board meeting.
"Instead of taking this achievement as a model, the board is confronting employees with new downsizing plans. Understandably, the resulting anger and uncertainty are immense.
We need new ideas and concepts for utilising plant capacity, sensible considerations from the company," said Christiane Benner, Chair of IG Metall.
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The company continues advanced discussions regarding the potential conversion of its Osnabrück factory into a defense production site to preserve regional jobs.
