Volkswagen warns of plant closures in Germany, citing ‘extremely tense’ situation
Publishing timestamp: 2024-09-02 12:26:53
Summary
Volkswagen warns of potential plant closures in Germany due to major cost-cutting measures in order to "future-proof" the company. Trade unions criticize the announcement, stating it poses a threat to jobs and locations. Shares of Volkswagen closed higher on Monday.
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Keywords: business news, autos, breaking news: europe, germany, volkswagen ag, business,