Volkswagen considers historic German plant closures in cost drive

Volkswagen is considering closing two factories in Germany amid rising competition from Asian carmakers. This marks a significant clash between CEO Oliver Blume and unions. The planned closures are part of a cost-cutting drive aimed at saving 10 billion euros by 2026. The decision has sparked resistance from the works council, highlighting economic challenges.

Leave a Reply

Your email address will not be published. Required fields are marked *

0 Comments
scroll to top