Headline: UNCAPTIONED: Volkswagen to Close Multiple German Plants Amid Major Restructuring
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Volkswagen to Close Multiple German Plants Amid Major Restructuring. Volkswagen is planning to close at least three factories in Germany and cut tens of thousands of jobs as part of a major restructuring effort. Daniela Cavallo, head of VW’s works council, announced that the remaining plants in Germany will also face downsizing due to rising labor and energy costs. The company, which employs around 300,000 people in Germany, has been in negotiations with unions for weeks over cost-cutting measures. Cavallo emphasized that VW is “absolutely serious” about the restructuring, warning that it’s not just “sabre-rattling”. She criticized the plan as a potential sell-off of Germany’s largest industrial group in its home country. The automaker is grappling with high costs, strong competition from Asia, slowing demand, and challenges in the shift to electric vehicles. VW is expected to present further cost-cutting proposals during upcoming wage talks.
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