<p>The mediation committee of Volkswagen's supervisory board plans to discuss the future of CEO Herbert Diess, three people familiar with the matter said, a week after a long-standing conflict with labour representatives flared up again.</p>.<p>The planned meeting comes in response to tensions between management and Volkswagen's works council after sources said that Diess told a supervisory board meeting in September that 30,000 jobs were at risk as part of the carmaker's transition to electric vehicles.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/volkswagen-says-profits-hit-by-chip-shortage-in-q3-1045009.html">Volkswagen says profits hit by chip shortage in Q3 </a></strong></p>.<p>The sources, who spoke on condition of anonymity, could not confirm when the meeting would take place.</p>.<p>Spokespeople for Diess, Volkswagen's supervisory board and Porsche SE, Volkswagen's largest shareholder, all declined to comment.</p>.<p>Shares in Volkswagen extended losses after the news to trade 3.5% lower.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/volkswagens-main-plant-producing-fewest-cars-since-1958-1042469.html">Volkswagen's main plant producing fewest cars since 1958 </a></strong></p>.<p>The most recent escalation underscores the fragile balance of power at the world's second-largest carmaker, pitting Diess' ambition to make Volkswagen future-proof vis-à-vis Tesla against Germany's influential trade unions.</p>.<p>In a bid to defuse the spat, Diess last week cancelled a trip to meet US investors to instead take part in a staff meeting scheduled for November 4.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>The mediation committee of Volkswagen's supervisory board plans to discuss the future of CEO Herbert Diess, three people familiar with the matter said, a week after a long-standing conflict with labour representatives flared up again.</p>.<p>The planned meeting comes in response to tensions between management and Volkswagen's works council after sources said that Diess told a supervisory board meeting in September that 30,000 jobs were at risk as part of the carmaker's transition to electric vehicles.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/volkswagen-says-profits-hit-by-chip-shortage-in-q3-1045009.html">Volkswagen says profits hit by chip shortage in Q3 </a></strong></p>.<p>The sources, who spoke on condition of anonymity, could not confirm when the meeting would take place.</p>.<p>Spokespeople for Diess, Volkswagen's supervisory board and Porsche SE, Volkswagen's largest shareholder, all declined to comment.</p>.<p>Shares in Volkswagen extended losses after the news to trade 3.5% lower.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/volkswagens-main-plant-producing-fewest-cars-since-1958-1042469.html">Volkswagen's main plant producing fewest cars since 1958 </a></strong></p>.<p>The most recent escalation underscores the fragile balance of power at the world's second-largest carmaker, pitting Diess' ambition to make Volkswagen future-proof vis-à-vis Tesla against Germany's influential trade unions.</p>.<p>In a bid to defuse the spat, Diess last week cancelled a trip to meet US investors to instead take part in a staff meeting scheduled for November 4.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>