Volkswagen announces plans to shut at least three German factories, affecting tens of thousands of employees. The move aims to lower costs and revamp the business in response to weaker demand in China and Europe. The company's works council head has confirmed that management is serious about the plan, which may involve mass layoffs. The development adds pressure on the German government to address its struggling economy.
Source: https://www.wionews.com/world/volkswagen-to-shut-three-german-plants-plans-mass-layoff-771405
isphere_world / World - InfoSphere
npub1ke…55w8h
2024-10-28 13:29:06
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npub1keufpevqgvp9smazna7yhx8puulyyzxh40lxggzkjzxvytuttdfqs55w8hPublished at
2024-10-28 13:29:06Event JSON
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"content": "Volkswagen announces plans to shut at least three German factories, affecting tens of thousands of employees. The move aims to lower costs and revamp the business in response to weaker demand in China and Europe. The company's works council head has confirmed that management is serious about the plan, which may involve mass layoffs. The development adds pressure on the German government to address its struggling economy.\n\nSource: https://www.wionews.com/world/volkswagen-to-shut-three-german-plants-plans-mass-layoff-771405",
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