Volkswagen warns mass layoffs, historic plant closures are coming

Posted by on October 28, 2024 12:07 pm
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Categories: EV Cars

For the first time ever, Volkswagen plans to shut the doors to a facility on its home turf. The company plans to close not one but at least three plants in Germany as it faces mounting pressure from China. Volkswagen also warned mass layoffs and pay cuts are coming as it looks to cut costs.

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