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Volkswagen weighs up to 100,000 job cuts, four plant closures in overhaul, sources say
Key takeaways
- Members of Volkswagen’s supervisory board have been informed of the plans, which are due to be discussed at a July 9 meeting, the people said, as the carmaker faces mounting pressure from Chinese rivals.
- Closing the plants at Hanover, Zwickau, Emden and Audi’s Neckarsulm site would put more than 45,000 jobs at risk, according to the people.
- The overhaul was first reported by Manager Magazin.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize BERLIN: Volkswagen is considering shutting four German factories and ramping up job cuts to as many as 100,000, two people familiar with the matter said on Friday, in what could be the biggest overhaul in the carmaker’s history.
Members of Volkswagen’s supervisory board have been informed of the plans, which are due to be discussed at a July 9 meeting, the people said, as the carmaker faces mounting pressure from Chinese rivals.
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