Yommie
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Volkswagen plans to lay off all workers at closed factories in Germany 20:39
By Anika
September 16, 2024
German automaker Volkswagen has allowed 15,000 workers to be laid off at its factories this year, Bloomberg reports, citing data from its Jefferies analytics center.
“Volkswagen AG may decide to close factories this year, which would pave the way for more than 15,000 layoffs,” the publication notes.
Such cuts would cost Volkswagen €4 billion. Unions are expected to protest only wages, not layoffs, unless they are protected by contracts.
It happened before that knownCar production in Europe has become unprofitable. The leading European auto giant Volkswagen is closing its factories in Germany for the first time, Renault does not comply with the EU’s “green” standards, and the French-Italian-American Stellantis is losing billions in revenues amid the energy crisis. What is happening in the car market in the West and what does Russia have to do with it – in the material from socialbites.ca.
Thousands of people in Brussels before output To protest the closure of the Audi factory.
Source: Gazeta