Volkswagen Group plans short-time working for about 80,000 staff in Germany after the coronavirus pandemic compelled the automaker to idle its European manufacturing unit community.

Below German short-time working guidelines the state pays a part of the lowered salaries for employees.

A VW spokesman mentioned the lowered hours can be launched at factories in Decrease Saxony, Hessen and Saxony till April 3.

VW Group's Audi und Porsche manufacturers, and its vehicles division MAN, have additionally utilized to introduce short-time working to avoid wasting prices.

Companies massive and small face a disruption that "goes far past" the extent of the monetary disaster of 2008-2009, VW supervisory board member Bernd Althusmann mentioned in a speech on Tuesday in Hanover, Germany.

Althusmann is the financial system minister in Decrease Saxony, the place VW has its international headquarters.

VW additionally will assist its German dealership community with further liquidity. The automaker mentioned it had additionally provided to push out compensation dates, prolong credit score allowances and...