Volkswagen signals potential German plant closures and ends a decades-old job security agreement as it faces declining EV demand and profitability.
Volkswagen, one of the largest and most storied automakers in the world, is facing a crossroads that could reshape its operations and labour relations in Germany. As the company grapples with the challenges of transitioning to electric vehicles (EVs) amid declining profitability, it has issued a stark warning that could have far-reaching consequences for its workforce and the broader automotive industry.
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