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Volkswagen plans to close three factories in Germany and cut 'tens of thousands' of jobs

The plan includes a 10% salary cut for all employees and the relocation of numerous group activities abroad

AFP

Lunes, 28 de octubre 2024, 12:35

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Volkswagen, the leading European automotive group, plans to close at least three factories in Germany and cut 'tens of thousands' of jobs, the works council announced on Monday.

The plan, presented by management, includes a 10% salary cut for all employees and the relocation of numerous group activities abroad, which are currently in Germany, the statement said.

(More details to follow)

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