Volkswagen is considering closing four German factories and cutting up to 100,000 jobs, Reuters has reported. Amid soaring energy costs and competition from China, the company’s profits have plummeted in recent years.
Should the cuts go ahead, Volkswagen will close factories in Hanover, Zwickau, and Emden, as well as an Audi plant in Neckarsulm, Reuters reported on Friday, citing sources within the company. These closures would result in the loss of 45,000 jobs, on top of the 50,000 layoffs agreed upon with trade unions in 2024.
Volkswagen executives will discuss the cuts at a meeting next month. According to a separate report by Germany’s…
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