The storm has been brewing since September when VW executives first hinted at coming pain for its German operations. VW's ...
(Reuters) -Volkswagen plans to shut at least three factories in Germany, the carmaker's works council head said on Monday, ...
Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining ...
Volkswagen, the largest employer in Germany, is facing increased competition from China and weakening demand.
The domestic factory closures would be the first in Volkswagen’s 87-year history, and they lay bare the challenges facing Germany’s largest manufacturer. The plans are already facing pushback ...
Volkswagen AG plans to close at least three factories in Germany as Europe’s biggest automaker tries to slash expenses to ...
All the other VW plants in Germany will be downsized under the plan ... VW did not comment on potential factory closures or mass layoffs, but said that "concrete proposals to reduce labour costs ...
Volkswagen intends to close at least three plants in Germany and cut tens of thousands of jobs, the leader of the firm's works council, Daniela Cavallo, told VW employees at an event on Monday.
Germany's car manufacturer and long-time economic powerhouse Volkswagen has shaped the lives and memories of generations of ...
T he spectre of deindustrialisation has long haunted Germany. Russia’s full-scale invasion of Ukraine in 2022 caused energy ...
The Golf R and GTI that are sold in the United States are built in Wolfsburg, Germany, so closures could affect production. In its 87-year history, Volkswagen has never closed a factory in Germany.
All the other VW plants in Germany will be downsized under the plan ... "We are not productive enough at our German sites and our factory costs are currently 25% to 50% higher than we had planned.