Volkswagen is ending decades-old job guarantees at six German plants, potentially leading to layoffs from next year. This move, part of a cost-cutting drive to compete with cheaper Asian rivals, has sparked a showdown with workers and raised concerns about the future of Germany’s industrial relations model.
The long-standing belief that making oneself indispensable in the workplace guarantees job security is flawed. Even highly valued individuals, such as Steve Jobs and celebrities like Oprah and Madonna, have experienced layoffs. The rise of technology and economic pressures emphasize that few employees are truly irreplaceable. Rather than focusing on becoming indispensable, individuals should continuously enhance their skills and embrace new opportunities to stay competitive and adapt to changing job markets. By developing technical proficiency, soft skills, and a willingness to learn, employees can increase their value and make themselves valuable across their careers.
Manchester United manager Erik ten Hag could face a 25% pay cut or even lose his job if he fails to guide the team into the Champions League. The Dutchman’s future is under serious threat despite signing a three-year contract in 2022.
