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VW owners back job protection in crisis

December 02, 2015 at 05:50 am EST

BERLIN (Reuters) - Volkswagen's (>> Volkswagen AG) controlling families have spoken out in favor of protecting jobs at the embattled carmaker as it struggles to find a way out of its emissions scandals.

"Jobs are a very valuable asset," Wolfgang Porsche, chairman of family-owned majority shareholder Porsche Automobil Holding SE (>> Porsche Automobil Holding SE), told a gathering of 20,000 workers at VW's main plant in Wolfsburg on Wednesday.

"This asset mustn't be squandered," Porsche said in a statement published by VW's works council.

(Reporting by Andreas Cremer; Editing by Maria Sheahan)

Stocks treated in this article : Volkswagen AG, Porsche Automobil Holding SE

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
VOLKSWAGEN AG	120.6 EUR	-0.62%	-0.25%	71.04B
EON SE	12.43 EUR	-0.69%	+2.47%	34.99B
PORSCHE AUTOMOBIL HOLDING SE	49.16 EUR	-0.70%	+0.84%	16.22B
PORSCHE AG	90.87 EUR	-1.14%	+0.76%	88.72B

Wolfgang Porsche

Wolfgang Porsche is an Austrian businessperson who has been at the head of 10 different companies and presently occupies the position of Chairman-Supervisory Board of Familie Porsche AG Beteiligungsgesellschaft, Chairman-Supervisory Board at Porsche Automobil Holding SE, Chairman-Supervisory Board of Dr. Ing. h.c. F. Porsche AG and Co-Managing Director at Porsche GmbH (Germany). He is also Managing Partner at Porsche Holding GmbH and on the board of 11 other companies. Wolfgang Porsche previously occupied the position of Chairman-Supervisory Board of Porsche Holding Stuttgart GmbH, Managing Director at Porsche LLC, Chairman-Supervisory Board for Eterna AG Uhrenfabrik, Managing Director at Porsche Austria GmbH, Managing Director at Wolfgang Porsche Gmbh, Managing Director at Porsche GmbH (Germany) and Manager at Daimler-Benz AG. Dr. Porsche received an MBA and a doctorate from the University of World Trade and an undergraduate degree from the University of Vienna.

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Linked companies
PORSCHE AUTOMOBIL HOLDING SE	Chairman
Porsche GmbH (Germany) Porsche GmbH (Germany) Motor VehiclesConsumer Durables Porsche GmbH manufactures sports cars. The firm specializes in sports cars, SUVs and sedans. The company is headquartered in Gruenwald, Germany.	Chief Executive Officer