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金融时报 | 大众汽车大股东明确支持关闭德国工厂
送交者: icemessenger[♂☆★★★SuperMod★★★☆♂] 于 2024-12-19 2:44 已读 5623 次 1 赞  

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Porsche-Piëch family pushes for Volkswagen plant closures



German carmaker’s majority owner has emerged as a hardline backer of cost cuts. 6park.com

波尔舍-皮耶希家族逆转避免与大众劳资委员会对抗的传统立场,明确表示公司“有必要调整业务规模,以实现长期竞争力”。




The billionaire Porsche-Piëch family, Volkswagen’s majority owner, has taken a hardline stance in backing the company’s plans to close several German factories, as the threat of diminished dividends looms. 6park.com

面对股息减少的威胁,大众汽车(Volkswagen)的大股东、亿万富豪波尔舍-皮耶希家族(Porsche-Piëch family)采取强硬立场,支持该公司关闭数家德国工厂的计划。 6park.com

6park.com

Lack of progress on the restructuring, initially announced in September, has become a growing concern for the Porsche-Piëch family, which has reversed its traditional stance of avoiding confrontation with VW’s powerful works council. 6park.com

最初于9月宣布的重组计划缺乏进展,已成为波尔舍-皮耶希家族日益担忧的问题,该家族已逆转避免与大众强大的劳资委员会(Betriebsrat)对抗的传统立场。 6park.com

6park.com

According to one person briefed on discussions at recent supervisory board meetings, the family has “made clear that it is necessary to rightsize the business in order to achieve long-term competitiveness”. 6park.com

据一位了解监事会近期会议讨论内容的人士称,该家族“明确表示,有必要调整业务规模,以实现长期竞争力”。 6park.com

6park.com

VW has argued for the closure of plants in Germany as its European sales have fallen sharply. However, the company’s works council, which controls half the seats on the company’s supervisory board, has promised workers that not a single German plant will be closed. 6park.com

随着大众在欧洲的销量大幅下降,该公司主张关闭德国工厂。然而,控制着公司监事会一半席位的劳资委员会已向工人承诺,没有一家德国工厂会关闭。 6park.com

6park.com

Another person with knowledge of the discussions said it was “hardly surprising” that the Porsche-Piëch family had different priorities than some other supervisory board members, especially the works council and its ally, the state of Lower Saxony, which holds 20 per cent of VW’s voting rights. 6park.com

另一位了解讨论内容的人士表示,波尔舍-皮耶希家族的优先事项与其他一些监事会成员不同,尤其是与劳资委员会及其盟友、拥有大众20%投票权的下萨克森州(Lower Saxony)不同,这“几乎不令人意外”。 6park.com

6park.com

Worker representatives have argued that while cost cuts might support profit margins in the short term, they will do little to address sliding sales in both Europe and China, the company’s most profitable market. 6park.com

工人代表们认为,尽管削减成本也许会在短期支撑利润率,但这些举措对于解决欧洲和中国——该公司最赚钱的市场——销量下滑问题无济于事。 6park.com

6park.com

Executives at Europe’s largest carmaker have spent weeks locked in tense negotiations with representatives of German workers, who have already downed tools twice in the past month amid fierce disagreement over planned cost cuts. 6park.com

欧洲最大汽车制造商的高管们已花了数周时间与德国工人代表进行紧张的谈判。由于对计划中的成本削减措施存在激烈分歧,德国工人在过去一个月里已经两次停工。 6park.com

6park.com

VW’s management and unions are eager to wrap up formal wage negotiations before Christmas. After 36 hours of continuous debate, the fifth round of talks broke off briefly on Wednesday morning with both sides agreeing to resume negotiations later in the day. 6park.com

大众管理层与工会希望在圣诞节前完成正式工资谈判。经过36小时的持续辩论,第五轮谈判在周三上午短暂中断,双方同意在当日晚些时候恢复谈判。 6park.com

6park.com

At VW’s supervisory board meetings in the run-up to the negotiations, discussions have been tense. The family’s de facto head, Wolfgang Porsche, last month rejected a compromise put on the table by the works council and union, making clear that anything other than “substantial action on cost efficiency [will be a] solution”, added one person briefed on the talks. 6park.com

在谈判之前举行的大众监事会会议上,讨论一直很紧张。了解商议情况的一名人士补充道,波尔舍-皮耶希家族的实际掌门人沃尔夫冈•波尔舍(Wolfgang Porsche)上月拒绝了劳资委员会和工会提出的妥协方案,明确表示除了“在成本效率方面采取实质性行动外,其他任何对策都不是解决方案”。 6park.com

6park.com

Porsche SE has already taken a hit from the crisis at VW. Last week, it warned that the uncertainty at the carmaker and the absence of financial planning data could force it to write down its stake in VW by up to €20bn, or nearly 40 per cent. 6park.com

保时捷控股公司(Porsche SE)已经受到大众危机的打击。它在上周警告称,这家汽车制造商的不确定性——以及缺乏财务规划数据——可能迫使其将所持大众股份减记至多200亿欧元,相当于近40%。 6park.com

6park.com

The family also faces the risk of falling VW dividends, which last year stood at €1.4bn, at a time when Porsche SE is saddled with €5.1bn in debt. The holding company borrowed heavily in 2022 to buy a 25 per cent voting stake in sports car maker Porsche AG — allowing the family to regain direct control over the company founded by its forebears. 6park.com

在保时捷控股公司背负51亿欧元债务之际,该家族还面临大众股息(去年为14亿欧元)下降的风险。这家控股公司在2022年大举借款以收购跑车制造商保时捷股份公司(Porsche AG) 25%的投票权股份——让家族得以重获其前辈创立公司的直接控制权。 6park.com

6park.com

“The plan was to finance the interest payments and to deleverage with the dividends from Porsche and VW,” said Stifel analyst Daniel Schwarz. “That’s clearly at risk now,” he added, explaining that the family’s wealthiest members “have most of their wealth invested in this one company”. 6park.com

“当时的计划是借助保时捷和大众的股息来支付利息并逐渐偿还债务,”斯迪富(Stifel)的汽车业分析师丹尼尔•施瓦茨(Daniel Schwarz)表示,“这一点现在显然有风险。”他解释说,该家族最富有的几个成员“将自己的大部分财富投资在这一家公司”。 6park.com

6park.com

But the family’s battle with the carmaker’s workers carries other risks. 6park.com

但该家族与这家汽车制造商工人之间的角力还带来其他风险。 6park.com

6park.com

With Berlin gearing up for snap elections early next year, the hardline plan to cut tens of thousands of jobs at VW has met significant political blowback. A growing group of politicians — including Chancellor Olaf Scholz — have spoken out against factory closures. 6park.com

鉴于柏林正准备迎接明年初举行的提前选举,大众裁减数万工作岗位的强硬计划遭遇了重大的政治反弹。越来越多的政治人物——包括德国总理奥拉夫•朔尔茨(Olaf Scholz)——公开表态反对关厂。 6park.com

6park.com

“Some politicians have argued that VW should not pay a dividend at all and the union said that VW should consider a lower payout ratio,” Schwarz said. 6park.com

“一些政界人士提出大众根本就不应该支付股息,而工会称大众应该考虑降低派息率。”施瓦茨表示。 6park.com

6park.com

The upcoming elections will also make it less likely that the state of Lower Saxony, which owns 20 per cent of VW voting rights and tends to back employment, would turn against the works council on the plant closures. 6park.com

即将到来的选举还意味着,拥有大众20%投票权、并倾向于支持就业的下萨克森州,不太可能在关厂问题上与劳资委员会对立。


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