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Amid Low Gross sales, Volkswagen Plans To Shut ‘At Least’ 3 German Vegetation, Lay Off Hundreds Of Employees

Amid low sales, German automaker, Volkswagen, plans to close ‘at least’ 3 German plants and lay off tens of thousands of staff. Move follows a major escalation of a conflict between Volkswagen workers and the management over its plans to cut cost. Cost cutting measure amid weakening demand in Europe and China and a slower-than-expected

Amid Low Gross sales, Volkswagen Plans To Shut ‘At Least’ 3 German Vegetation, Lay Off Hundreds Of Employees

Amid low gross sales, German automaker, Volkswagen, plans to shut ‘not less than’ 3 German crops and lay off tens of hundreds of workers.

Transfer follows a significant escalation of a battle between Volkswagen staff and the administration over its plans to chop price.

Price slicing measure amid weakening demand in Europe and China and a slower-than-expected electrical transition.

Deliberate home manufacturing facility closures by Volkswagen can be the primary within the German model’s 87-year historical past.

Amid Low Sales, Volkswagen Plans To Close ‘At Least’ 3 German Plants, Lay Off Thousands Of Staff - autojosh

German automaker, Volkswagen, plans to shut “not less than” three factories in house nation of Germany, lay off tens of hundreds of workers and downsize remaining crops within the nation, the corporate’s worker group stated Monday.

The transfer follows a significant escalation of a battle between Volkswagen staff and the administration over its plans to chop price, amid weakening demand in Europe and China and a slower-than-expected electrical transition.

“Administration is completely critical about all this. This isn’t sabre-rattling within the collective bargaining spherical,” Daniela Cavallo, Volkswagen’s works council head, advised workers on the carmaker’s greatest plant, in Wolfsburg.

The deliberate home manufacturing facility closures, the place Europe’s greatest carmaker employs greater than 295,000 individuals, can be the primary in Volkswagen’s 87-year historical past.

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“That is the plan of Germany’s largest industrial group to begin the sell-off in its house nation of Germany,” Cavallo added, with out specifying which crops can be affected or what number of of Volkswagen Group’s roughly 300,000 workers in Germany could possibly be laid off.

“All German VW crops are affected by these plans. None of them are secure,” famous, including that VW administration can also be demanding a ten% pay minimize and no different pay raises for the subsequent two years.

“If VW confirms its dystopian path on Wednesday, the board should count on the corresponding penalties on our half,” Thorsten Groeger, lead negotiator for considered one of Germany’s strongest unions, IG Metall stated in a press release Monday.

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