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Volkswagen weighs up to 100,000 job cuts and four plant closures

German carmaker Volkswagen is weighing up to 100,000 job cuts as part of a sweeping overhaul. According to news reports, the company plans to halt production at four of its German plants.

Assembly line inside a car factory
Assembly line inside a car factoryPhoto: Cọ Sơn Thanh Bình / Pexels
Straits Times Business50 d agoVOW3
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German carmaker Volkswagen is reportedly weighing up to 100,000 job cuts as part of a sweeping overhaul. According to The Straits Times, the company plans to halt production at four of its plants in Germany.

Reports suggest the move is aimed at cutting costs and protecting competitiveness during the transition to electric vehicles. As one of Germany's major industrial employers, cuts at Volkswagen are reverberating across the sector.

Potential plant closures are a major worry for unions and workers. The company's final decision will be watched closely for what it means for the German economy and the direction of Europe's car industry.

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Source: Straits Times Business
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This article is an AI-curated summary of the original story published by Straits Times Business. The illustration is a stock photo by Cọ Sơn Thanh Bình from Pexels and is not from the original story.

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